Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2.2
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table summarizes changes in goodwill balance:

 

Balance at December 31, 2021

 

$

53,627

 

Impact of foreign currency translation

 

 

618

 

Balance at March 31, 2022

 

$

54,245

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Customer relationships

 

$

24,780

 

 

$

24,559

 

Developed technology

 

 

14,105

 

 

 

13,957

 

Trade names

 

 

2,391

 

 

 

2,366

 

Backlog

 

 

3,294

 

 

 

3,268

 

Patents

 

 

491

 

 

 

491

 

FCC licenses

 

 

480

 

 

 

480

 

 

 

 

45,541

 

 

 

45,121

 

Less: Accumulated amortization

 

 

(2,743

)

 

 

(968

)

 

 

$

42,798

 

 

$

44,153

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2022, the expected future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

Remainder of 2022

 

$

5,046

 

2023

 

 

3,772

 

2024

 

 

3,764

 

2025

 

 

3,764

 

2026

 

 

3,711

 

2027 and thereafter

 

 

22,545

 

 

 

 

42,602

 

Capitalized patent costs, unissued

 

 

196

 

 

 

$

42,798