XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 6. Goodwill and Other Intangible Assets Acquired Intangible Assets Acquired identifiable intangible assets, and related accumulated amortization, as of June 30, 2022 and December 31, 2021 consist of:
|  | June 30, 2022 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (in thousands) |
Customer relationships |  | $ | 8,355 |  |  | $ | 6,667 |  |  | $ | 1,688 |
Tradenames |  |  | 3,066 |  |  |  | 884 |  |  |  | 2,182 |
Developed technology |  |  | 1,884 |  |  |  | 574 |  |  |  | 1,310 |
Foreign currency |  |  | (1,363 | ) |  |  | (1,309 | ) |  |  | (54 | )
Total Intangible Assets |  | $ | 11,942 |  |  | $ | 6,816 |  |  | $ | 5,126 |
|  | December 31, 2021 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (in thousands) |
Customer relationships |  | $ | 8,355 |  |  | $ | 6,315 |  |  | $ | 2,040 |
Tradenames |  |  | 3,066 |  |  |  | 730 |  |  |  | 2,336 |
Developed technology |  |  | 1,884 |  |  |  | 440 |  |  |  | 1,444 |
Foreign currency |  |  | (896 | ) |  |  | (865 | ) |  |  | (32 | )
Total Intangible Assets |  | $ | 12,409 |  |  | $ | 6,620 |  |  | $ | 5,788 |
In connection with the October 2012 acquisition of TB Europe, the acquired intangible assets related to customer relationships is being amortized over an estimated useful life of thirteen years with the amortization being included within sales and marketing expense. In May 2019, the Company completed its acquisition of the business and assets of the ROCCAT business, and in January 2021, the Company completed its acquisition of the business and assets of the Neat Microphones business. The respective acquired intangible assets relating to developed technology, customer relationships and trade names are subject to amortization. Amortization expense related to definite lived intangible assets of $0.3 million and $0.6 million was recognized for the three and six months ended June 30, 2022, respectively, and $0.3 million and $0.6 million was recognized for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, estimated annual amortization expense related to definite lived intangible assets in future periods is as follows:
|  | (in thousands) |
2022 |  | $ | 638 |
2023 |  |  | 1,041 |
2024 |  |  | 1,008 |
2025 |  |  | 889 |
2026 |  |  | 637 |
Thereafter |  |  | 967 |
Total |  | $ | 5,180 |
There were no changes in the carrying values of goodwill for the three months ended June 30, 2022 from the balance as of December 31, 2021.

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