GOODWILL

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

Goodwill represents the difference between the purchase price and the estimated fair value of the identifiable assets acquired and liabilities assumed. Goodwill is allocated among and evaluated for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment. The Company has two reporting units, Video and Cable Access.

During the fourth quarter of 2021, the Company performed the qualitative goodwill impairment testing for the two reporting units as part of the Company’s annual goodwill impairment test and concluded that goodwill was not impaired. The Company has not recorded any impairment charges related to goodwill in fiscal 2021, 2020 and 2019. If future economic conditions are different than those projected by management, future impairment charges may be required.

The changes in the Company’s carrying amount of goodwill are as follows:

(in thousands)	Video		Cable Access		Total
Balance as of December 31, 2019	$	178,982	$	60,798	$	239,780
Foreign currency translation adjustment	3,873		21		3,894
Balance as of December 31, 2020	$	182,855	$	60,819	$	243,674
Foreign currency translation adjustment	(3,457)		(4)		(3,461)
Balance as of December 31, 2021	$	179,398	$	60,815	$	240,213