Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Identifiable Intangible Assets (Tables)

v3.22.4
Goodwill and Other Identifiable Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 were as follows:

 

(amounts in thousands)

 

 

 

Balance as of December 31, 2020

 

$

33,165

 

Translation adjustment

 

 

(186

)

Balance as of December 31, 2021

 

$

32,979

 

Translation adjustment

 

 

(127

)

Balance as of December 31, 2022

 

$

32,852

 

As of December 31, 2022, the Company had no accumulated impairment losses related to goodwill.
Schedule of Amortization Expense for Intangible Assets Amortization expense for intangible assets for the years ended December 31, 2022, 2021 and 2020 was as follows:

 

 

 

Years ended December 31,

 

(amounts in thousands)

 

2022

 

 

2021

 

 

2020

 

Research and development expense

 

$

7,813

 

 

$

7,813

 

 

$

7,800

 

Sales and marketing expense

 

 

116

 

 

 

181

 

 

 

204

 

General and administrative expense

 

 

540

 

 

 

781

 

 

 

1,000

 

Total

 

$

8,469

 

 

$

8,775

 

 

$

9,004

 
Summary of Changes in Net Carrying Values of Intangibles

The following tables represent the changes in net carrying values of the intangibles as of the respective dates:

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

estimated

 

Gross

 

 

 

 

 

 

 

(amounts in thousands)

 

useful lives

 

carrying

 

 

Accumulated

 

 

 

 

December 31, 2022

 

(in years)

 

amount

 

 

amortization

 

 

Net amount

 

Licenses

 

10

 

$

185

 

 

 

183

 

 

$

2

 

Patents and websites

 

5

 

 

4,514

 

 

 

4,353

 

 

 

161

 

Customer relationships

 

4

 

 

1,284

 

 

 

1,284

 

 

 

—

 

Commercials

 

2-3

 

 

256

 

 

 

242

 

 

 

14

 

Total

 

 

 

$

6,239

 

 

$

6,062

 

 

$

177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

estimated

 

Gross

 

 

 

 

 

 

 

(amounts in thousands)

 

useful lives

 

carrying

 

 

Accumulated

 

 

 

 

December 31, 2021

 

(in years)

 

amount

 

 

amortization

 

 

Net amount

 

Technology

 

10

 

$

77,700

 

 

$

18,454

 

 

$

59,246

 

Licenses

 

10

 

 

185

 

 

 

180

 

 

 

5

 

Patents and websites

 

5

 

 

4,519

 

 

 

3,746

 

 

 

773

 

Customer relationships

 

4

 

 

1,361

 

 

 

1,361

 

 

 

—

 

Commercials

 

2-3

 

 

799

 

 

 

676

 

 

 

123

 

Total

 

 

 

$

84,564

 

 

$

24,417

 

 

$

60,147

 
Schedule of Annual Estimated Amortization Expense

Annual estimated amortization expense for each of the succeeding fiscal years is as follows:

 

 

 

 

 

(amounts in thousands)

 

December 31,

 

2023

 

$

87

 

2024

 

 

67

 

2025

 

 

19

 

2026

 

 

4

 

2027

 

 

—

 

Thereafter

 

 

—

 

Total

 

$

177