Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill Changes in the Company’s goodwill balance for the years ended December 31, 2021 and 2020, are summarized in the table below:

2021 2020
Balance, beginning of period $ 25,900  $ 25,857 
Acquisition of Lyte 7,374  — 
Foreign currency translation (14) 43 
Balance, end of period $ 33,260  $ 25,900 
Schedule of Finite-Lived Intangible Assets The finite-lived intangible assets that are being amortized are summarized in the table below:
Weighted Average Useful Life
(years)
 December 31, 2021 December 31, 2020
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Trade name 5.0 $ 3,990  $ (799) $ 3,191  $ 651  $ (651) $ — 
Acquired technology 5.1 4,828  (4,828) —  4,828  (4,821) 7 
In-process research and development 5.0 94  (94) —  94  (94) — 
Customer relationships 5.7 4,626  (4,604) 22  4,636  (4,532) 104 
Order backlog 1.5 329  (329) —  329  (329) — 
$ 13,867  $ (10,654) $ 3,213  $ 10,538  $ (10,427) $ 111 
Schedule of Expected Future Annual Amortization Expense
Expected future annual amortization expense for finite-lived intangible assets as of December 31, 2021, is as follows:
Future amortization expense for the years ending December 31, Amortization
2022 $ 689 
2023 668 
2024 668 
2025 668 
2026 520 
Thereafter — 
Total $ 3,213