Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 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

 

 

1,183

 

Balance at June 30, 2023

 

$

51,137

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

2023

 

 

2022

 

Customer relationships

 

$

23,418

 

 

$

22,877

 

Developed technology

 

 

13,309

 

 

 

13,001

 

Trade names

 

 

2,256

 

 

 

2,204

 

Backlog

 

 

3,116

 

 

 

3,043

 

Patents

 

 

419

 

 

 

419

 

FCC licenses

 

 

480

 

 

 

480

 

 

 

42,998

 

 

 

42,024

 

Less: Accumulated amortization

 

 

(9,197

)

 

 

(7,243

)

 

$

33,801

 

 

$

34,781

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2023, the expected future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

Remainder of 2023

 

$

1,790

 

2024

 

 

3,571

 

2025

 

 

3,562

 

2026

 

 

3,515

 

2027

 

 

3,096

 

Thereafter

 

 

18,210

 

 

 

33,744

 

Capitalized patent costs, unissued

 

 

57

 

 

$

33,801