|12 Months Ended|
Dec. 31, 2022
|Goodwill and Intangible Assets Disclosure [Abstract]|
|INTANGIBLE ASSETS||INTANGIBLE ASSETS
The Company amortizes its intangible assets from its business combinations over 4 to 10 years. Amortization is based on the pattern in which the estimated economic benefits of the intangible asset will be consumed. The Company evaluates the recoverability of its intangible assets periodically if there is a triggering event.
Summarized below are the carrying values for the major classes of intangible assets as of December 31, 2022 and 2021 (in thousands):
The amortization expense for these intangible assets was $1.9 million, $1.5 million, and $1.6 million for years ended December 31, 2022, 2021, and 2020 respectively.
The following schedule presents the estimated intangible asset amortization for the following five years commencing on January 1, 2023 (in thousands):
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef