XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Note 12 - Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

(12)

Goodwill and Other Intangible Assets

 

The changes in the carrying amount of goodwill for the three months ended March 31, 2024 are as follows (in thousands):

 

   

Goodwill

  

December 31, 2023

   $ 113,263  

Foreign currency translation

     (159 )

March 31, 2024

   $ 113,104  

 

The carrying values of the Company’s definite lived intangible assets as of March 31, 2024 are as follows (in thousands):

 

   

Intelletual Property / Tradename & Brand

    

Non-
Compete

    

Customer
List

    

Total

  

Weighted-average amortization period

  

11.9 years

    

9.3 years

    

20 years

          

Gross amount

   $ 7,087     $ 5,500     $ 65,205     $ 77,792  

Accumulated amortization

     (1,474 )     (1,662 )     (11,742 )   $ (14,878 )

Net balance

   $ 5,613     $ 3,838     $ 53,463     $ 62,914  

 

Amortization expense related to intangible assets was approximately $1.0 million and $1.1 million for the three-month periods ended March 31, 2024 and 2023. The estimated remaining amortization expense as of March 31, 2024 is as follows (in thousands):

 

Remainder of 2024

   $ 3,170  

2025

     4,227  

2026

     4,224  

2027

     4,222  

2028

     4,124  

2029

     4,121  

Thereafter

     38,826  

Total

   $ 62,914