Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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

 

 

(41

)

Balance at September 30, 2023

 

$

49,913

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

2023

 

 

2022

 

Customer relationships

 

$

22,858

 

 

$

22,877

 

Developed technology

 

 

12,990

 

 

 

13,001

 

Trade names

 

 

2,202

 

 

 

2,204

 

Backlog

 

 

3,041

 

 

 

3,043

 

Patents

 

 

419

 

 

 

419

 

FCC licenses

 

 

480

 

 

 

480

 

 

 

41,990

 

 

 

42,024

 

Less: Accumulated amortization

 

 

(9,863

)

 

 

(7,243

)

 

$

32,127

 

 

$

34,781

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

 

Years ending December 31,

 

 

 

Remainder of 2023

 

$

874

 

2024

 

 

3,487

 

2025

 

 

3,478

 

2026

 

 

3,432

 

2027

 

 

3,021

 

Thereafter

 

 

17,778

 

 

 

32,070

 

Capitalized patent costs, unissued

 

 

57

 

 

$

32,127