Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.22.4
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
INTANGIBLE ASSETS  
Schedule of intangible assets with indefinite lives

Goodwill and other intangibles consisted of the following (in thousands):

    

December 31, 2022

    

December 31, 2021

Qwest:

FAA Certifications

$

724

$

724

Goodwill

 

13,416

 

13,416

ALGS:

 

  

 

  

FAA Certifications

 

710

 

710

Goodwill

 

379

 

379

ACS:

 

  

 

  

Trademarks

 

600

 

600

FAA Certifications

 

7,300

 

7,300

Goodwill

 

63

 

63

ACT:

 

Trademarks

 

200

 

200

FAA Certificates

 

796

 

796

Goodwill

 

6,002

 

6,002

Total intangible assets with indefinite lives

$

30,190

$

30,190

Schedule of intangible assets with definite lives

Intangible assets with definite useful lives are amortized on a straight-line basis over their estimated useful lives. Intangible assets with definite lives are as follows (in thousands):

    

Useful Life

    

    

 In Years

December 31, 2022

December 31, 2021

Qwest:

Customer relationships

10

$

6,136

$

7,109

ALGS:

  

 

 

Customer relationships

10

 

50

 

70

ACS:

  

 

  

 

  

Customer relationships

10

 

1,243

 

1,453

ACT:

  

 

 

Customer relationships

10

 

6,353

 

7,276

Total intangible assets with definite lives

$

13,782

$

15,908

Schedule of amortization expense on finite lived intangible assets

Amortization expense was as follows (in thousands):

Year Ended December 31, 

    

2022

    

2021

    

2020

Amortization expense

$

2,136

$

2,132

$

2,108

Schedule of goodwill activity

Goodwill activity for the years ended December 31, 2022 and 2021 consisted of the following (in thousands):

    

Asset

    

    

    

    

Management

 

Solutions

 

TechOps

 

Total

Goodwill as of December 31, 2020

$

13,416

 

$

6,444

 

$

19,860

Additions

-

 

-

 

-

Goodwill as of December 31, 2021

$

13,416

 

$

6,444

 

$

19,860

Additions

 

-

 

-

 

-

Goodwill as of December 31, 2022

$

13,416

$

6,444

$

19,860