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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The following table summarizes the activity related to goodwill (in thousands):

 

 

March 31,

 

 

 

2022

 

 

2021

 

Balance at beginning of period, gross

 

$

7,148

 

 

$

4,980

 

Accumulated impairment at beginning of period

 

 

(1,003

)

 

 

(1,003

)

Goodwill from acquisitions

 

 

 

 

 

1,698

 

Balance at end of period

 

$

6,145

 

 

$

5,675

 

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

March 31, 2022

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

Developed technology

 

$

5,007

 

 

$

(3,559

)

 

$

1,448

 

Customer relationships

 

 

5,730

 

 

 

(3,041

)

 

 

2,689

 

In-process research and development

 

 

890

 

 

 

(207

)

 

 

683

 

Total intangible assets, net

 

$

11,627

 

 

$

(6,807

)

 

$

4,820

 

 

 

 

December 31, 2021

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

Developed technology

 

$

5,007

 

 

$

(3,464

)

 

$

1,543

 

Customer relationships

 

 

5,730

 

 

 

(2,886

)

 

 

2,844

 

In-process research and development

 

 

890

 

 

 

(162

)

 

 

728

 

Total intangible assets, net

 

$

11,627

 

 

$

(6,512

)

 

$

5,115

 

Future Amortization Expense of Intangible Assets

The following table presents the future amortization expense of the Company’s intangible assets as of March 31, 2022 (in thousands):

Remainder of 2022

 

$

883

 

2023

 

 

1,177

 

2024

 

 

1,177

 

2025

 

 

1,177

 

2026

 

 

406

 

Total

 

$

4,820