Redwire Corporation General form of registration statement for all companies including face-amount certificate companies

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