v3.21.2
Intangible Assets
6 Months Ended 11 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Intangible Assets    
Intangible Assets

Note I — Intangible Assets

The intangible asset balances and accumulated amortization are as follows:

Successor

As of June 30, 2021

Weighted

Gross

Net

average

carrying

Accumulated

carrying

useful life

    

amount

    

amortization

    

amount

    

in years

Intangible assets subject to amortization:

 

  

 

  

 

  

 

  

Customer relationships

$

48,485

 

$

(2,246)

 

$

46,239

 

19

Technology

 

42,812

 

(3,677)

 

39,135

 

14

Trademarks

 

6,591

 

(969)

 

5,622

 

9

Intangible assets not subject to amortization:

 

  

 

  

 

  

 

  

Cosmos Tradename

 

300

 

 

300

 

  

IPR&D

 

256

 

 

256

 

  

Total

$

98,444

 

$

(6,892)

 

$

91,552

 

  

Successor

December 31, 2020

    

    

    

Weighted

Gross

Net

average

    

carrying

Accumulated

carrying

useful life

amount

amortization

amount

in years

Intangible assets subject to amortization:

Customer relationships

$

31,541

$

(899)

$

30,642

19

Technology

25,368

(1,508)

23,860

12

Trademarks

 

6,344

 

(393)

 

5,951

 

9

Intangible assets not subject to amortization:

 

  

 

  

 

  

 

  

Tradename

 

300

 

 

300

 

  

IPR&D

 

208

 

 

208

 

  

Total

$

63,761

$

(2,800)

$

60,961

 

  

Amortization expense related to intangible assets was $4,092 thousand, $379 thousand, and $0 thousand for the Successor 2021 Period, Successor Q2 2020 Period, and Predecessor 2020 Period, respectively.

Note I – Intangible Assets

The intangible asset balances and accumulated amortization are as follows:

Successor

December 31, 2020

Weighted

 useful

Gross

 

Net

average

carrying

Accumulated

carrying

life in

    

amount

    

amortization

    

amount

    

years

Intangible assets subject to amortization:

  

  

  

  

Customer relationships

$

31,541

$

(899)

$

30,642

 

19

Technology

 

25,368

 

(1,508)

 

23,860

 

12

Trademarks

 

6,344

 

(393)

 

5,951

 

9

Intangible assets not subject to amortization:

 

  

 

  

 

  

 

  

Cosmos Tradename

 

300

 

 

300

 

  

IPR&D

 

208

 

 

208

 

  

Total

$

63,761

$

(2,800)

$

60,961

 

  

Amortization expense related to intangible assets was $2,800 thousand, $0 thousand, and $0 thousand for the Successor 2020 Period, Predecessor 2020 Period, and Predecessor 2019 Period, respectively.

Estimated amortization expense for the next five years is $6,274 thousand, $6,111 thousand, $5,957 thousand, $5,570 thousand, $5,145 thousand, respectively.