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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 3. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the year ended December 31, 2021 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance as of January 1, 2021 |  | $ | 2,150
Foreign currency translation adjustment | ​ |  | (7)
Balance as of December 31, 2021 | ​ | $ | 2,143
​ On September 30, 2021, The Company performed its annual goodwill assessment for the Agility segment in accordance with the provisions of ASU 2017-04, by using a single-step approach that determines the carrying value of the reporting unit and compares it against the reporting unit’s fair value. The Company determined that there was no impairment of long-lived assets, tangible or intangible, in any reporting units as of September 30, 2021. The fair value measurement of goodwill for the Agility segment was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market and the market multiple approaches using comparable entities to further validate the carrying values. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date. The carrying value of Goodwill was $2.1 million as of December 31, 2021, and 2020. Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Company Acquired Intangible Assets | ​ | Capitalized Developed Software | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Capitalized | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Trademarks |  | ​ | ​ |  | Media | ​ | Capitalized | ​ | Developed |  | ​ | ​
​ | ​ | Developed | ​ | Customer | ​ | and | ​ | ​ | ​ | ​ | Contact | ​ | Developed | ​ | Software - in | ​ | ​ | ​
​ |  | technology |  | relationships |  | trade names |  | Patents |  | Database |  | Software |  | Progress |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gross carrying amounts: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |
Balance as of January 1, 2021 | ​ | $ | 3,175 | ​ | $ | 2,228 | ​ | $ | 882 | ​ | $ | 45 | ​ | $ | 3,670 | ​ | $ | 5,507 | ​ | $ | 1,360 | ​ | $ | 16,867
Additions | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 376 | ​ | ​ | 2,005 | ​ | ​ | 2,381
Transfers | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 2,752 | ​ | ​ | (2,752) | ​ | ​ | -
Foreign currency translation adjustment | ​ |  | (6) | ​ |  | - | ​ |  | (2) | ​ |  | - | ​ |  | (22) | ​ |  | (59) | ​ |  | 22 | ​ |  | (67)
Balance as of December 31, 2021 | ​ | $ | 3,169 | ​ | $ | 2,228 | ​ | $ | 880 | ​ | $ | 45 | ​ | $ | 3,648 | ​ | $ | 8,576 | ​ | $ | 635 | ​ | $ | 19,181
Accumulated amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of January 1, 2021 | ​ | $ | 1,844 | ​ | $ | 1,192 | ​ | $ | 629 | ​ | $ | 29 | ​ | $ | 1,650 | ​ | $ | 1,492 | ​ | $ | - | ​ | $ | 6,836
Amortization expense | ​ | ​ | 315 | ​ | ​ | 187 | ​ | ​ | 56 | ​ | ​ | 5 | ​ | ​ | 354 | ​ | ​ | 1,089 | ​ | ​ | - | ​ | ​ | 2,006
Foreign currency translation adjustment | ​ | ​ | (1) | ​ | ​ | (2) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1 | ​ | ​ | (6) | ​ | ​ | - | ​ | ​ | (8)
Balance as of December 31, 2021 | ​ | $ | 2,158 | ​ | $ | 1,377 | ​ | $ | 685 | ​ | $ | 34 | ​ | $ | 2,005 | ​ | $ | 2,575 | ​ | $ | - | ​ | $ | 8,834
Net carrying amounts - December 31, 2021 | ​ | $ | 1,011 | ​ | $ | 851 | ​ | $ | 195 | ​ | $ | 11 | ​ | $ | 1,643 | ​ | $ | 6,001 | ​ | $ | 635 | ​ | $ | 10,347
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Capitalized |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Trademarks | ​ | ​ | ​ | ​ | Media | ​ | Capitalized | ​ | Developed | ​ | ​ | ​
​ | ​ | Developed | ​ | Customer | ​ | and | ​ | ​ | ​ | ​ | Contact | ​ | Developed | ​ | Software - in | ​ | ​ | ​
​ |  | technology |  | relationships |  | tradenames |  | Patents |  | Database |  | Software |  | Progress |  | Total
Gross carrying amounts: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Balance as of January 1, 2020 | ​ | $ | 3,108 | ​ | $ | 2,177 | ​ | $ | 871 | ​ | $ | 43 | ​ | $ | 3,606 | ​ | $ | 2,962 | ​ | $ | 2,530 | ​ | $ | 15,297
Additions | ​ |  | - | ​ | ​ | - | ​ | ​ | - | ​ |  | - | ​ |  | - | ​ |  | - | ​ |  | 1,247 | ​ |  | 1,247
Transfers | ​ |  | - | ​ | ​ | - | ​ | ​ | - | ​ |  | - | ​ |  | - | ​ |  | 2,538 | ​ |  | (2,538) | ​ |  | -
Foreign currency translation adjustment | ​ |  | 67 | ​ |  | 51 | ​ |  | 11 | ​ |  | 2 | ​ |  | 64 | ​ |  | 7 | ​ |  | 121 | ​ |  | 323
Balance as of December 31, 2020 | ​ | $ | 3,175 | ​ | $ | 2,228 | ​ | $ | 882 | ​ | $ | 45 | ​ | $ | 3,670 | ​ | $ | 5,507 | ​ | $ | 1,360 | ​ | $ | 16,867
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated amortization: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance as of January 1, 2020 | ​ | $ | 1,493 | ​ | $ | 983 | ​ | $ | 567 | ​ | $ | 24 | ​ | $ | 1,261 | ​ | $ | 1,040 | ​ | $ | - | ​ | $ | 5,368
Amortization expense | ​ |  | 308 | ​ |  | 179 | ​ |  | 55 | ​ |  | 4 | ​ |  | 361 | ​ |  | 469 | ​ |  | - | ​ |  | 1,376
Foreign currency translation adjustment | ​ |  | 43 | ​ |  | 30 | ​ |  | 7 | ​ |  | 1 | ​ |  | 28 | ​ |  | (17) | ​ |  | - | ​ |  | 92
Balance as of December 31, 2020 | ​ | $ | 1,844 | ​ | $ | 1,192 | ​ | $ | 629 | ​ | $ | 29 | ​ | $ | 1,650 | ​ | $ | 1,492 | ​ | $ | - | ​ | $ | 6,836
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net carrying values - December 31, 2020 | ​ | $ | 1,331 | ​ | $ | 1,036 | ​ | $ | 253 | ​ | $ | 16 | ​ | $ | 2,020 | ​ | $ | 4,015 | ​ | $ | 1,360 | ​ | $ | 10,031
​ The Company reclassified capitalized developed software, net of accumulated amortization, of $5.4 million at December 31, 2020 from Property and Equipment to Intangibles to conform to the current year’s presentation. Amortization expense relating to acquisition-related intangible assets was approximately $0.9 million for the years ended December 31, 2021 and 2020, respectively. Amortization expense relating to capitalized developed software was approximately $1.1 million and $0.5 million for the years ended December 31, 2021 and 2020, respectively. Estimated annual amortization expense for intangible assets subsequent to December 31, 2021 is as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
​ | ​ | ​ | ​
2022 | ​ | $ | 2,486
2023 | ​ |  | 2,196
2024 | ​ | ​ | 1,798
2025 | ​ |  | 1,211
2026 | ​ |  | 802
Thereafter | ​ |  | 1,854
​ | ​ | $ | 10,347
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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