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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary Quantitative Assessment

This quantitative assessment resulted in the following:

Reporting Unit

 

Goodwill Impairment

 

Remaining Goodwill

Electronics

 

$826

 

$1,420

General Metal Finishing

 

428

 

307

Equipment Solutions

 

372

 

100
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment loss during the six months ended June 30, 2023 were as follows:

 

 

Gross
Carrying
Amount

 

 

Accumulated
Impairment
Loss

 

 

Net

 

Beginning balance, January 1

 

$

4,454

 

 

$

(146

)

 

$

4,308

 

Impairment charge

 

 

—

 

 

 

(1,626

)

 

 

(1,626

)

Foreign currency translation

 

 

(107

)

 

 

—

 

 

 

(107

)

Ending balance, June 30

 

$

4,347

 

 

$

(1,772

)

 

$

2,575

 
Intangible Assets he Company’s intangible assets are comprised of the following:

As of June 30, 2023:

 

Gross

 

 

Accumulated Impairment Charges

 

 

Accumulated Amortization

 

 

Foreign
Currency
Translation

 

 

Net

 

Completed technology

 

$

1,212

 

 

$

(152

)

 

$

(356

)

 

$

(17

)

 

$

687

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(264

)

 

 

(45

)

 

 

1,762

 

Patents, trademarks, trade names and other

 

 

437

 

 

 

(49

)

 

 

(101

)

 

 

(8

)

 

 

279

 

 

 

$

3,721

 

 

$

(202

)

 

$

(721

)

 

$

(70

)

 

$

2,728

 

During the six months ended June 30, 2023, $61 of IPR&D included within patents, trademarks, trade names, and other was reclassified into completed technology. During the six months ended June 30, 2023, $9 of IPR&D was written off to amortization expense as certain projects were cancelled.

As of December 31, 2022:

 

Gross

 

 

Accumulated
Impairment Charges

 

 

Accumulated
Amortization Charges

 

 

Foreign
Currency
Translation

 

 

Net

 

Completed technology

 

$

1,151

 

 

$

—

 

 

$

(303

)

 

$

4

 

 

$

852

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(190

)

 

 

11

 

 

 

1,892

 

Patents, trademarks, trade names and other

 

 

498

 

 

 

—

 

 

 

(71

)

 

 

2

 

 

 

429

 

 

 

$

3,721

 

 

$

(1

)

 

$

(564

)

 

$

17

 

 

$

3,173

 
Estimated Net Amortization Expense Aggregate net amortization expense related to acquired intangible assets for future years is as follows:

Year

 

Amount

 

2023 (remaining)

 

$

128

 

2024

 

 

226

 

2025

 

 

225

 

2026

 

 

222

 

2027

 

 

220

 

2028

 

 

220

 

Thereafter

 

 

1,364