XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Acquired identifiable intangible assets, and related accumulated amortization, as of June 30, 2021 and December 31, 2020 consist of:

 

 

 

June 30, 2021

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

 

(in thousands)

 

Customer relationships

 

$

8,355

 

 

$

5,944

 

 

$

2,411

 

Tradenames

 

 

3,066

 

 

 

577

 

 

 

2,489

 

Developed technology

 

 

1,884

 

 

 

305

 

 

 

1,579

 

Foreign currency

 

 

(781

)

 

 

(744

)

 

 

(37

)

Total Intangible Assets

 

$

12,524

 

 

$

6,082

 

 

$

6,442

 

 

 

 

 

December 31, 2020

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

 

(in thousands)

 

Customer relationships

 

$

7,915

 

 

$

5,584

 

 

$

2,331

 

Tradenames

 

 

2,686

 

 

 

425

 

 

 

2,261

 

Developed technology

 

 

784

 

 

 

177

 

 

 

607

 

Foreign currency

 

 

(845

)

 

 

(784

)

 

 

(61

)

Total Intangible Assets

 

$

10,540

 

 

$

5,402

 

 

$

5,138

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2021, estimated annual amortization expense related to definite lived intangible assets in future periods is as follows:

 

 

 

(in thousands)

 

2021

 

$

658

 

2022

 

 

1,283

 

2023

 

 

1,041

 

2024

 

 

1,008

 

2025

 

 

889

 

Thereafter

 

 

1,600

 

Total

 

$

6,479

 

Schedule of Changes in Carrying Values of Goodwill

Changes in the carrying values of goodwill for the six months ended June 30, 2021 are as follows:

 

 

 

(in thousands)

 

Balance as of January 1, 2021

 

$

8,178

 

Neat Microphones acquisition

 

 

2,508

 

Balance as of June 30, 2021

 

$

10,686