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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill and Indefinite-Lived Intangible Assets
The following table presents the changes in the gross carrying amount of goodwill and other indefinite lived intangible assets for the periods presented:
TotalPresented in non-current assets of discontinued operationsNet
GoodwillTradenamesGoodwillTradenamesGoodwillTradenames
Balance, January 1, 2022 1
$34,255 $35,997 $— $— $34,255 $35,997 
Foreign currency adjustments501—— — 501 — 
Acquisitions 2
7,292—— — 7,292 — 
Balance, December 31, 202242,04835,997— — 42,048 35,997 
Foreign currency adjustments885— — — 885 — 
Acquisitions 3
3,991— 1,996 — 1,995 — 
Balance, December 31, 202346,92435,997 1,996 — 44,928 35,997 
Measurement period adjustments(1,228)— (614)— (614)— 
Foreign currency adjustments(119)— 65 — (184)— 
Disposition of GEH Singapore
(1,447)—(1,447)———
Balance, December 31, 2024$44,130 $35,997 $— $— $44,130 $35,997 
1.Relates to goodwill and tradenames recognized by NetDragon in connection with its 2015 acquisition of Promethean World Limited.
2.Relates to goodwill recognized as a result of the 2022 acquisition of Explain Everything as discussed in Note 3 - Acquisitions and Disposition.
3.Relates to goodwill recognized as a result of the 2023 acquisition of GEH Singapore as discussed in Note 3 - Acquisitions and Disposition. In 2024, the Company completed the purchase price allocation and assigned goodwill equally to both the eLMTree and GEH Singapore reporting units.
Finite-Lived Intangible Assets
The components of finite-lived intangible assets are as follows:
December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Book ValueWeighted Average Remaining Useful Life (Years)
Customer relationships$10,514 $(10,514)$— 0.00
Patent and developed technology37,312 (33,980)3,332 0.84
Tradenames 570 (394)176 0.92
Non-compete agreements54 (38)16 0.92
Total finite-lived intangible assets$48,450 $(44,926)$3,524 0.84
December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Book ValueWeighted Average Remaining Useful Life (Years)
Customer relationships$10,514 $(10,514)$— 0.00
Patent and developed technology37,323 (30,023)7,300 1.90
Tradenames576 (207)369 2.00
Non-compete agreements54 (20)34 2.00
Finite-lived intangible assets$48,467 $(40,764)$7,703 1.91
No impairments of intangible assets or goodwill were identified during fiscal years 2024, 2023 and 2022. The Company estimates that it has no significant residual value related to any of the intangible assets.
During the years ended December 31, 2024, 2023 and 2022, intangible assets amortization expense of $4,166, $4,223 and $3,631, respectively, related to continuing operations was included in cost of revenue on the Company’s consolidated statements of operations.
The following table outlines the estimated future amortization expense related to intangible assets held as of December 31, 2024:
Year Ending December 31,
2025$3,524 
Total$3,524