Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table summarizes changes in goodwill balance:

 

Balance at December 31, 2022

 

$

49,954

 

Impact of foreign currency translation

 

 

85

 

Balance at March 31, 2023

 

$

50,039

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

2023

 

 

2022

 

Customer relationships

 

$

22,916

 

 

$

22,877

 

Developed technology

 

 

13,023

 

 

 

13,001

 

Trade names

 

 

2,207

 

 

 

2,204

 

Backlog

 

 

3,049

 

 

 

3,043

 

Patents

 

 

419

 

 

 

419

 

FCC licenses

 

 

480

 

 

 

480

 

 

 

42,094

 

 

 

42,024

 

Less: Accumulated amortization

 

 

(8,131

)

 

 

(7,243

)

 

$

33,963

 

 

$

34,781

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2023, the expected future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

Remainder of 2023

 

$

2,640

 

2024

 

 

3,496

 

2025

 

 

3,487

 

2026

 

 

3,441

 

2027

 

 

3,028

 

Thereafter

 

 

17,814

 

 

 

33,906

 

Capitalized patent costs, unissued

 

 

57

 

 

$

33,963