XML 26 R13.htm IDEA: XBRL DOCUMENT v3.24.0.1
INTANGIBLE ASSETS AND GOODWILL
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible assets and goodwill consisted of the following at December 31, 2023 and 2022 (in thousands):
Useful lives20232022
INTANGIBLE ASSETS
Patents
4-10 years
$182 $182 
Customer relationships
8-15 years
52,588 52,736 
Technology
3-5 years
8,944 8,943 
Domain7 years14 14 
Non-compete
 3 years
391 391 
Tradenames
2-10 years
12,723 12,769 
Intangible assets, at cost74,842 75,035 
Accumulated amortization(28,878)(22,456)
Intangible assets, net of accumulated amortization$45,964 $52,579 
GOODWILL
Beginning Balance$25,092 $26,037 
Change due to foreign currency translation103 (945)
Impairment(25,195)— 
Ending Balance$— $25,092 
The Company’s goodwill had an indefinite useful life and was tested for impairment annually. For the years ended December 31, 2023 and 2022, the Company recorded amortization expense of $8.3 million and $8.6 million, respectively. Changes to gross carrying amount of recognized intangible assets due to translation adjustments were approximately ($0.1) million and ($3.1) million as of December 31, 2023 and 2022, respectively.
Expected future amortization expense for intangible assets as of December 31, 2023 is as follows (in thousands):
2024$7,570 
20257,398 
20267,045 
20276,630 
20286,571 
Thereafter10,750 
Total$45,964