Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Accumulated Amortization by Category

Intangible assets were comprised of the following as of June 30, 2024:

	Weighted Average	Gross					Net
	Amortization	Carrying		Accumulated			Carrying
	Period (in years)	Amount		Amortization			Amount
Patented and unpatented technology	1	$	17,334	$	(16,174	)	$	1,160
Customer relationships	6		22,012		(17,014	)		4,998
Trade names and trademarks	13		5,469		(3,136	)		2,333
Software	3		237		(128	)		109
Indefinite lived trade names			1,911		—			1,911
Total intangible assets, net							$	10,511

Intangible assets and accumulated amortization by category as of December 31, 2023 is as follows:

	Weighted Average	Gross					Net
	Amortization	Carrying		Accumulated			Carrying
	Period (in years)	Amount		Amortization			Amount
Patented and unpatented technology	1	$	17,578	$	(15,829	)	$	1,749
Customer relationships	8		22,338		(16,414	)		5,924
Trade names and trademarks	14		5,469		(3,025	)		2,444
Software	4		237		(104	)		133
Indefinite lived trade names			1,975		—			1,975
Total intangible assets, net							$	12,225

Schedule of Estimated Amortization Expense

Estimated amortization expense for the six months ending December 31, 2024 and twelve months for the next four years and subsequent years is as follows:

	Amount
2024	$	1,155
2025		1,887
2026		705
2027		521
2028		521
And subsequent		3,811
Total intangible assets currently to be amortized		8,600
Intangible assets with indefinite lives not amortized		1,911
Total intangible assets	$	10,511

Changes in Goodwill

Changes in goodwill for the six months ended June 30, 2024 and 2023 are as follows:

	2024			2023
Balance January 1,	$	37,354		$	36,916
Goodwill for Rabern acquisition		-			(80	)
Effect of change in exchange rates		(500	)		239
Balance June 30,	$	36,854		$	37,075