Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill and Indefinite-lived Intangible Assets

Goodwill was $64 million at September 30, 2023 and December 31, 2022. Indefinite-lived trade name/trademarks totaled $1.4 million at September 30, 2023 and December 31, 2022.

Definite-lived Intangible Assets

	September 30, 2023				December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Developed technologies	$	18,851	$	18,851	$	18,851	$	17,641
Patents	1,972		725		1,972		559
	$	20,823	$	19,576	$	20,823	$	18,200

Developed technologies - amortization expense for the three months ended September 30, 2023 and October 1, 2022, was $0.4 million and $0.5 million, respectively, and for the nine months ended September 30, 2023 and October 1, 2022 was $1.4 million and $1.6 million, respectively.

Patents - amortization expense for both the three months ended September 30, 2023 and October 1, 2022, was $55 thousand, and for both the nine months ended September 30, 2023 and October 1, 2022, was $0.2 million.

Annual amortization for definite-lived intangible assets for subsequent years are as follows (in thousands):

2023 (excluding the nine months ended September 30, 2023)	$	55
2024	222
2025	226
2026	222
2027	222
2028	156
Thereafter	144
Total future amortization for definite-lived intangible assets	$	1,247