Note 6 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

(6) Goodwill and Intangible Assets

         Goodwill and intangible assets consisted of the following at December 31, 2022:

	Gross		Accumulated Impairment			Net
	(In thousands)
Goodwill	$	62,328	$	(714	)	$	61,614

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,192		9,132		60
Technology	3	-	7		1,959		1,599		360
Trade names		10			1,572		1,572		—
Total amortizing intangible assets					12,723		12,303		420
Total intangible assets other than goodwill				$	13,914	$	12,303	$	1,611

Goodwill and intangible assets consisted of the following at December 31, 2021:

	Gross		Accumulated Impairment			Net
	(In thousands)
Goodwill	$	62,328	$	(714	)	$	61,614

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,445		9,325		120
Technology	3	-	7		1,959		1,480		479
Trade names		10			1,572		1,572		—
Total amortizing intangible assets					12,976		12,377		599
Total intangible assets other than goodwill				$	14,167	$	12,377	$	1,790

The following represents a summary of changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 (in thousands):

Balance as of December 31, 2020	$	57,255
Goodwill acquired		4,340
Foreign currency translation		19
Balance as of December 31, 2021	$	61,614

There were no changes in goodwill during 2022 from the net carrying amount of $61,614 at December 31, 2021.

As discussed in Note 1, we recorded an impairment of $714,000 to the Canada reporting unit’s goodwill in December 2020.

Aggregate amortization expense for customer related intangibles, trade names, and technology for the years ended December 31, 2022, 2021 and 2020 was $180,000, $320,000, and $318,000, respectively. Estimated future amortization expense for 2023, 2024, and 2025 is $140,000, $140,000 and $140,000, respectively. No amortization expense is projected beyond 2025.