Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.1.1.u2
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table summarizes changes in goodwill balance:

 

Balance at December 31, 2023

 

$

51,155

 

Impact of foreign currency translation

 

 

(1,104

)

Balance at March 31, 2024

 

$

50,051

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

March 31, 2024

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Customer relationships

 

$

22,921

 

 

$

(4,454

)

Developed technology

 

 

13,026

 

 

 

(2,533

)

Trade names

 

 

2,208

 

 

 

(1,030

)

Backlog

 

 

3,050

 

 

 

(3,050

)

Patents

 

 

419

 

 

 

(319

)

FCC licenses

 

 

480

 

 

 

(257

)

 

$

42,104

 

 

$

(11,643

)

 

 

 

 

 

 

 

 

 

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

)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2024, the expected future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

Remainder of 2024

 

$

2,625

 

2025

 

 

3,491

 

2026

 

 

3,446

 

2027

 

 

3,034

 

2028

 

 

3,030

 

Thereafter

 

 

14,800

 

 

 

30,426

 

Capitalized patent costs, unissued

 

 

35

 

 

$

30,461