XML 24 R15.htm IDEA: XBRL DOCUMENT
v3.22.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 8) Goodwill and Intangible Assets Goodwill The Company's methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. Goodwill is measured as the excess of the cost of the acquisition over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. The Company assigns assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. Goodwill and purchased intangible assets with indefinite useful lives are not amortized but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment. The Company regularly monitors current business conditions and other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. The changes in the carrying amount of goodwill and accumulated impairment loss during the three months ended March 31, 2022 and twelve months ended December 31, 2021 were as follows:
|  | Three Months Ended March 31, 2022 |  |  | Twelve Months Ended December 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Impairment Loss |  |  | Net |  |  | Gross Carrying Amount |  |  | Accumulated Impairment Loss |  |  | Net |
Beginning balance at January 1 |  | $ | 1,373 |  |  | $ | (145 | ) |  | $ | 1,228 |  |  | $ | 1,211 |  |  | $ | (145 | ) |  | $ | 1,066 |
Acquired goodwill(1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 168 |  |  |  | — |  |  |  | 168 |
Foreign currency translation |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | (6 | ) |  |  | — |  |  |  | (6 | )
Ending balance |  | $ | 1,372 |  |  | $ | (145 | ) |  | $ | 1,227 |  |  | $ | 1,373 |  |  | $ | (145 | ) |  | $ | 1,228 |
(1) During the twelve months ended December 31, 2021, the Company recorded goodwill related to the acquisition of Photon Control Inc. ("Photon Control"). Intangible Assets Components of the Company's intangible assets are comprised of the following:
As of March 31, 2022: |  | Gross |  |  | Accumulated Impairment Charges |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net |
Completed technology |  | $ | 556 |  |  | $ | — |  |  | $ | (251 | ) |  | $ | — |  |  | $ | 305 |
Customer relationships |  |  | 318 |  |  |  | (2 | ) |  |  | (128 | ) |  |  | (1 | ) |  |  | 187 |
Patents, trademarks, trade names and other |  |  | 123 |  |  |  | — |  |  |  | (54 | ) |  |  | — |  |  |  | 69 |
|  | $ | 997 |  |  | $ | (2 | ) |  | $ | (433 | ) |  | $ | (1 | ) |  | $ | 561 |
As of December 31, 2021: |  | Gross |  |  | Accumulated Impairment Charges |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net |
Completed technology(1) |  | $ | 556 |  |  | $ | — |  |  | $ | (242 | ) |  | $ | — |  |  | $ | 314 |
Customer relationships(1) |  |  | 318 |  |  |  | (2 | ) |  |  | (124 | ) |  |  | — |  |  |  | 192 |
Patents, trademarks, trade names and other(1) |  |  | 123 |  |  |  | — |  |  |  | (52 | ) |  |  | (1 | ) |  |  | 70 |
|  | $ | 997 |  |  | $ | (2 | ) |  | $ | (418 | ) |  | $ | (1 | ) |  | $ | 576 |
(1) During the twelve months ended December 31, 2021, the Company recorded $121 of separately identified intangible assets related to its acquisition of Photon Control, representing $110 in completed technology, $9 in customer relationships and $2 in patents, trademarks, trade names and other. Aggregate amortization expense related to acquired intangible assets for the three months ended March 31, 2022 and 2021 was $15 and $12, respectively. Aggregate net amortization expense related to acquired intangible assets for future years is as follows:
Year |  | Amount |
2022 (remaining) |  | $ | 45 |
2023 |  |  | 58 |
2024 |  |  | 57 |
2025 |  |  | 56 |
2026 |  |  | 53 |
2027 |  |  | 52 |
Thereafter |  |  | 184 |
The table above excludes $56 of indefinite-lived trademarks and trade names that were not subject to amortization.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration