Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.0.1
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 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

 

 

(1,029

)

Balance at September 30, 2024

 

$

50,126

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

September 30, 2024

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Customer relationships

 

$

22,955

 

 

$

(5,417

)

Developed technology

 

 

13,046

 

 

 

(3,080

)

Trade names

 

 

2,211

 

 

 

(1,253

)

Patents

 

 

419

 

 

 

(334

)

FCC licenses

 

 

480

 

 

 

(274

)

 

$

39,111

 

 

$

(10,358

)

 

 

 

 

 

 

 

 

 

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 September 30, 2024, the expected future amortization expense of intangible assets is as follows:

Fiscal year ending December 31,

 

Future Amortization Expense

 

Remainder of 2024

 

$

876

 

2025

 

 

3,498

 

2026

 

 

3,452

 

2027

 

 

3,038

 

2028

 

 

3,035

 

Thereafter

 

 

14,822

 

 

 

28,721

 

Capitalized patent costs, unissued

 

 

32

 

 

$

28,753