Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.21.1
Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
Changes in the Company’s goodwill balance for the years ended December 31, 2020 and 2019, are summarized in the table below:
2020 2019
Balance, beginning of period $ 25,857  $ 25,886 
Foreign currency translation 43  (29)
Balance, end of period $ 25,900  $ 25,857 
Intangible Assets
Our intangible assets, excluding goodwill, consist of intangible assets acquired in business combinations and were recorded at their estimated fair values on the date of acquisition. The finite-lived intangible assets that are being amortized are summarized in the table below:

Weighted Average Useful Life
(years)
 December 31, 2020 December 31, 2019
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Trade name 4.6 $ 651  $ (651) $ —  $ 649  $ (649) $ — 
Acquired technology 5.1 4,828  (4,821) 7  4,828  (4,798) 30 
In-process research and development 5.0 94  (94) —  94  (94) — 
Customer relationships 5.7 4,636  (4,532) 104  4,604  (4,381) 223 
Order backlog 1.5 329  (329) —  329  (329) — 
$ 10,538  $ (10,427) $ 111  $ 10,504  $ (10,251) $ 253 
Amortization expense for the years ended December 31, 2020 and 2019, was approximately $142 and $268 respectively.
Expected future annual amortization expense for finite-lived intangible assets as of December 31, 2020, is as follows:

Future amortization expense for the years ending December 31, Amortization
2021 $ 90 
2022 21 
Total $ 111