Intangible Assets Other Than Goodwill
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Other Than Goodwill

NOTE 5: INTANGIBLE ASSETS OTHER THAN GOODWILL

 

Intangible assets    

June 30, 2023

 

December 31, 2022

Acquisition cost     $ 90,601   $ 89,272
Accumulated amortization       (44,498)     (43,079)
Total intangible assets net book value     $ 46,103   $ 46,193

 

Following the completion of the Vimalcor acquisition in May 2023, the Company recognized an intangible asset of $1,329 relating to the port terminal operating right to be amortized until January 2029.

Amortization expense for the three-month periods ended June 30, 2023 and 2022 were $726 and $693, respectively, and for the six-month periods ended June 30, 2023 and 2022 were $1,419 and $1,386, respectively.

The remaining aggregate amortization of acquired intangibles as of June 30, 2023 will be as follows:

Period

   
Year One   $ 3,004
Year Two     3,004
Year Three     3,004
Year Four     3,004
Year Five     2,037
Thereafter     32,050
Total   $ 46,103