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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Accumulated Amortization by Category

Intangible assets and accumulated amortization by category as of June 30, 2022 is as follows:

 

 

 

Weighted Average

 

Gross

 

 

 

 

 

 

Net

 

 

 

Amortization

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Period (in years)

 

Amount

 

 

Amortization

 

 

Amount

 

Patented and unpatented technology

 

3

 

$

16,297

 

 

$

(13,982

)

 

$

2,315

 

Customer relationships

 

9

 

 

21,787

 

 

 

(13,308

)

 

 

8,479

 

Trade names and trademarks

 

16

 

 

5,469

 

 

 

(2,693

)

 

 

2,776

 

Software

 

4

 

 

237

 

 

 

(32

)

 

 

205

 

Indefinite lived trade names

 

 

 

 

1,903

 

 

 

 

 

 

 

1,903

 

Total intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

$

15,678

 

 

 

 

Intangible assets and accumulated amortization by category as of December 31, 2021 is as follows:

 

 

 

 

Weighted Average

 

Gross

 

 

 

 

 

 

Net

 

 

 

Amortization

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Period (in years)

 

Amount

 

 

Amortization

 

 

Amount

 

Patented and unpatented technology

 

3

 

$

16,848

 

 

$

(13,845

)

 

$

3,003

 

Customer relationships

 

3

 

 

18,077

 

 

 

(13,017

)

 

 

5,060

 

Trade names and trademarks

 

10

 

 

4,269

 

 

 

(2,595

)

 

 

1,674

 

Software

 

5

 

 

160

 

 

 

(8

)

 

 

152

 

Indefinite lived trade names

 

 

 

 

2,057

 

 

 

 

 

 

 

2,057

 

Total intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

$

11,946

 

Schedule of Estimated Amortization Expense

Estimated amortization expense for the period ending June 30 for the next five years and subsequent is as follows:

 

 

 

Amount

 

2023

 

$

2,977

 

2024

 

 

2,977

 

2025

 

 

1,832

 

2026

 

 

860

 

2027

 

 

537

 

And subsequent

 

 

4,592

 

Total intangible assets currently to be amortized

 

 

13,775

 

Intangible assets with indefinite lives not amortized

 

 

1,903

 

Total intangible assets

 

$

15,678

 

 

Changes in Goodwill

Changes in goodwill for the six months ended June 30 are as follows:

 

 

 

2022

 

 

2021

 

Balance January 1,

 

$

24,949

 

 

$

27,472

 

Goodwill for Rabern acquisition

 

 

13,065

 

 

 

 

Effect of change in exchange rates

 

 

(1,209

)

 

 

(583

)

Balance June 30,

 

$

36,805

 

 

$

26,889