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Goodwill and Intangible Assets, Net
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill

During the year ended December 31, 2023, a decline in our financial performance, overall negative trend in the video service provider channel and an uncertain economic environment contributed to a significant decline in our market capitalization. We considered this to be an impairment trigger. We, therefore, performed a quantitative valuation analysis under an income approach to estimate our reporting unit's fair value. The income approach used projections of estimated operating results and cash flows that were discounted using a discount rate based on the weighted-average cost of capital. The main assumptions supporting the cash flow projections include, but are not limited to, revenue growth, margins, discount rate, and terminal growth rate. The financial projections reflect our best estimate of economic and market conditions over the projected period, including forecasted revenue growth, margins, capital expenditures, depreciation and amortization. In addition to our valuation analysis under an income approach, we also considered the implied control premium compared to our market capitalization. We determined that the implied control premium over our market capitalization to be substantial; therefore, we recorded an impairment charge of $49.1 million during the year ended December 31, 2023.

Intangible Assets, Net

The components of intangible assets, net were as follows: 
December 31,
 20252024
(In thousands)
Gross (1)
Accumulated
Amortization (1)
Net (1)
Gross (1)
Accumulated
Amortization (1)
Net (1)
Capitalized software development costs$1,675 $(677)$998 $2,575 $(1,150)$1,425 
Customer relationships 6,340 (5,250)1,090 6,340 (4,526)1,814 
Developed and core technology 740 (493)247 740 (398)342 
Patents 35,171 (15,557)19,614 34,758 (14,339)20,419 
Trademarks and trade names50 (31)19 450 (412)38 
Total intangible assets, net$43,976 $(22,008)$21,968 $44,863 $(20,825)$24,038 
(1)This table excludes the gross value of fully amortized intangible assets totaling $52.5 million and $49.3 million on December 31, 2025 and 2024, respectively.

Amortization expense is recorded in SG&A expenses, except amortization expense related to capitalized software development costs, which is recorded in cost of sales. Amortization expense by statement of operations caption was as follows:
 Year Ended December 31,
(In thousands)202520242023
Cost of sales$650 $729 $443 
Selling, general and administrative expenses4,412 4,438 4,440 
Total amortization expense$5,062 $5,167 $4,883 
 
Estimated future annual amortization expense related to our intangible assets at December 31, 2025 is as follows: 
(In thousands) 
2026$4,913 
20274,176 
20283,122 
20292,972 
20302,371 
Thereafter4,414 
Total$21,968 

The remaining weighted average amortization period of our intangible assets at December 31, 2025 is 6.1 years.