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Note 8 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 8:

GOODWILL AND INTANGIBLE ASSETS, NET

(a)

Goodwill:

Changes in goodwill are as follows:

	June 30, 2023 (unaudited)		December 31, 2022

Balance as of January 1,	$	74,777	$	74,777
Acquisition		1,994		—
Balance as of June 30,	$	76,771	$	74,777

(b)

Intangible assets:

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED

			June 30, 2023 (unaudited)								December 31, 2022
	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Impairment *()**		Net		Gross carrying amount		Accumulated amortization		Impairment *()**		Net

Intangible assets –amortizable:

Intangible assets related to the acquisition of VisiSonics business
Customer relationships		4.0	$	432	$	18	$	—	$	414	$	—	$	—	$	—	$	—
Technologies		5.0		1,174		39		—		1,135		—		—		—		—

Intangible assets related to the acquisition of Intrinsix business
Customer relationships		5.5	$	3,604	$	1,365	$	—	$	2,239	$	3,604	$	1,037	$	—	$	2,567
Customer backlog		1.5		421		421		—		—		421		421		—		—
Patents		5.0		218		91		—		127		218		69		—		149
Core technologies		3.0		3,329		2,312		—		1,017		3,329		1,757		—		1,572

Intangible assets related to the acquisition of Hillcrest Labs business
Customer relationships		4.4	$	3,518	$	3,110	$	—	$	408	$	3,518	$	2,998	$	—	$	520
Customer backlog		0.5		72		72		—		—		72		72		—		—
R&D Tools		7.5		2,475		1,305		—		1,170		2,475		1,140		—		1,335

Intangible assets related to Immervision assets acquisition
R&D Tools		6.4	$	7,063	$	3,507	$	3,556	$	—	$	7,063	$	3,507	$	3,556	$	—

Intangible assets related to an investment in NB-IoT technologies
NB-IoT technologies		7.0	$	1,961	$	1,564	$	—	$	397	$	1,961	$	1,424	$	—	$	537

Total intangible assets			$	24,267	$	13,804	$	3,556	$	6,907	$	22,661	$	12,425	$	3,556	$	6,680

(*) During 2022, the Company recorded an impairment charge of $3,556 in operating expenses with respect to Immervision technology acquired in August 2019, as the Company has decided to cease the development of this product line.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED

Future estimated annual amortization charges are as follows:

Reminder of 2023	$	1,460
2024		2,252
2025		1,532
2026		1,299
2027		286
2028		78
	$	6,907