XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Intangibles | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES The following table sets forth the changes in the carrying amount of goodwill:
| Nine Months Ended September 30,
| 2022 |  | 2021
Balance, beginning of period | $ | 38,609 |  |  | $ | 41,366 |
Goodwill arising from business combinations | 1,000 |  |  | — |
Adjustment to goodwill during measurement period | — |  |  | (2,205) |
Goodwill written off related to divestiture | (796) |  |  | — |
Foreign exchange adjustment | (850) |  |  | (456) |
Balance, end of period | $ | 37,963 |  |  | $ | 38,705 |
Intangible assets, subject to amortization, consisted of the following:
| September 30, 2022 |  | December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Lives
Customer relationships | $ | 48,119 |  |  | $ | (20,654) |  |  | $ | 27,465 |  |  | 11 years |  | $ | 59,729 |  |  | $ | (23,556) |  |  | $ | 36,173 |  |  | 10 years
Technology, trademark and trade name | 30,683 |  |  | (22,672) |  |  | 8,011 |  |  | 7 years |  | 40,536 |  |  | (26,269) |  |  | 14,267 |  |  | 7 years
Production know-how | 8,984 |  |  | (8,590) |  |  | 394 |  |  | 7 years |  | 10,384 |  |  | (8,723) |  |  | 1,661 |  |  | 7 years
Patents | 8,036 |  |  | (7,735) |  |  | 301 |  |  | 8 years |  | 8,036 |  |  | (7,459) |  |  | 577 |  |  | 8 years
Total | $ | 95,822 |  |  | $ | (59,651) |  |  | $ | 36,171 |  |  |  |  | $ | 118,685 |  |  | $ | (66,007) |  |  | $ | 52,678 |  |  |
The intangible assets are net of intangible assets disposed of as a result of the telecommunications transmission product lines divestiture during the third quarter of 2022. See Note 3, "Divestitures" for further information. Amortization expense for the three months ended September 30, 2022 and 2021 was $2,447 and $3,051, respectively. Amortization expense for the nine months ended September 30, 2022 and 2021 was $8,377 and $9,387, respectively. The estimated future amortization expense for intangibles for the remainder of 2022 and subsequent years is as follows:
2022 (a) |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter |  | Total
$ | 2,077 |  |  | $ | 7,892 |  |  | $ | 5,545 |  |  | $ | 4,973 |  |  | $ | 4,212 |  |  | $ | 11,472 |  |  | $ | 36,171 |
(a) For the three-month period beginning October 1, 2022.

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 https://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