Redwire Corporation Annual report pursuant to Section 13 and 15(d)

Intangible Assets, net

12 Months Ended

Dec. 31, 2021

The intangible asset gross carrying amount and accumulated amortization were as follows:


	Successor
	December 31, 2021
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	48,612	$	(3,592)	$	45,020	19
Technology	43,339		(5,894)		37,445		14
Trademarks	6,807		(1,572)		5,235		7
Internal-use software licenses	2,292		(385)		1,907		3
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300
IPR&D	935		—		935
Total intangible assets	$	102,285	$	(11,443)	$	90,842


	Successor
	December 31, 2020
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	31,541	$	(899)	$	30,642	19
Technology	25,368		(1,508)		23,860		12
Trademarks	6,344		(393)		5,951		9
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300
IPR&D	208		—		208
Total intangible assets	$	63,761	$	(2,800)	$	60,961

The table below presents the amortization expense related to intangible assets for the following periods:


	Successor				Predecessor
	Year Ended December 31, 2021		Period from February 10, 2020 to December 31, 2020		Period from January 1, 2020 to June 21, 2020
Amortization expense	$	8,640	$	2,800	$	—

The table below presents the future amortization expense on intangible assets as of December 31, 2021:


Year	Total
2022	$	9,443
2023	9,304
2024	8,664
2025	7,768
2026	7,221
Thereafter	47,207
Total future amortization expense on intangible assets	$	89,607