Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 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

 

 

1,201

 

Balance at December 31, 2023

 

$

51,155

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

December 31, 2023

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Customer relationships

 

$

23,427

 

 

$

(4,064

)

Developed technology

 

 

13,313

 

 

 

(2,312

)

Trade names

 

 

2,257

 

 

 

(940

)

Backlog

 

 

3,117

 

 

 

(3,117

)

Patents

 

 

419

 

 

 

(308

)

FCC licenses

 

 

480

 

 

 

(249

)

 

$

43,013

 

 

$

(10,990

)

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Customer relationships

 

$

22,877

 

 

$

(2,062

)

Developed technology

 

 

13,001

 

 

 

(1,174

)

Trade names

 

 

2,204

 

 

 

(478

)

Backlog

 

 

3,043

 

 

 

(3,036

)

Patents

 

 

419

 

 

 

(276

)

FCC licenses

 

 

480

 

 

 

(217

)

 

$

42,024

 

 

$

(7,243

)

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

 

Years ending December 31,

 

 

 

2024

 

$

3,572

 

2025

 

 

3,563

 

2026

 

 

3,517

 

2027

 

 

3,095

 

2028

 

 

3,094

 

Thereafter

 

 

15,125

 

 

 

31,966

 

Capitalized patent costs, unissued

 

 

57

 

 

$

32,023