XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Intangible Assets, net
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net Goodwill and Intangible Assets, net
The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of June 30, 2021 were as follows:
(in thousands)Gross
Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Estimated
Useful Life
(Years)
Trademarks$9,480 $(3,104)$6,376 15
Non-compete agreement100 (3)97 3
Customer relationships8,647 (2,687)5,960 
5-10
Developed technology70,900 (40,620)30,280 8
Patents1,677 (189)1,488 
3-19
Capitalized software9,978 (2,295)7,683 
3-5
Total intangible assets$100,782 $(48,898)$51,884 
The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of December 31, 2020 were as follows:
(in thousands)Gross
Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Estimated
Useful Life
(Years)
Trademarks$9,480 $(2,765)$6,71515
Customer relationships6,003 (2,263)3,740 
5-10
Developed technology70,900 (36,189)34,711 8
Patents1,423 (158)1,265 
4-19
Capitalized software6,172 (1,668)4,504 
3-5
Total intangible assets$93,978 $(43,043)$50,935 

Amortization expense for the three months ended June 30, 2021 and 2020, was $3.0 million and $3.2 million, respectively. Amortization expense for the six months ended June 30, 2021 and 2020, was $5.9 million and $6.4 million, respectively. Of the total amortization expense for three months ended June 30, 2021 and 2020, $2.3 million and $2.7 million, respectively, were recorded in Cost of sales and $0.7 million and $0.5 million, respectively, were recorded in General and administrative expenses
in the Consolidated Statements of Comprehensive Loss. For the six months ended June 30, 2021 and 2020, $4.5 million and $5.4 million, respectively, were recorded in Cost of sales and $1.4 million and $1.0 million, respectively, were recorded in General and administrative expenses in the Consolidated Statements of Comprehensive Loss.
The changes in the carrying value of goodwill are as follows:
Six Months Ended June 30,
(in thousands)20212020
Beginning balance$98,531 $98,520 
Acquisition of HTL4,766 — 
Foreign currency translation impact(197)(27)
Ending balance$103,100 $98,493