Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

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, 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

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, 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

Amortization expense for the years ended December 31, 2021 and 2020, was approximately $238 and $142 respectively.

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