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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Identifiable intangible assets, and related accumulated amortization, as of December 31, 2023 and 2022 consist of:

 

 

 

December 31, 2023

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

 

(in thousands)

 

Customer relationships

 

$

8,085

 

 

$

7,214

 

 

$

871

 

Tradenames

 

 

3,066

 

 

 

2,607

 

 

 

459

 

Developed technology

 

 

1,884

 

 

 

1,613

 

 

 

271

 

Foreign currency

 

 

(1,159

)

 

 

(1,292

)

 

 

133

 

Total Intangible Assets (1)

 

$

11,876

 

 

$

10,142

 

 

$

1,734

 

 

 

 

December 31, 2022

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

 

(in thousands)

 

Customer relationships

 

$

8,085

 

 

$

6,750

 

 

$

1,335

 

Tradenames

 

 

3,066

 

 

 

2,147

 

 

 

919

 

Developed technology

 

 

1,884

 

 

 

1,495

 

 

 

389

 

Foreign currency

 

 

(1,375

)

 

 

(1,344

)

 

 

(31

)

Total Intangible Assets

 

$

11,660

 

 

$

9,048

 

 

$

2,612

 

 

(1)
The accumulated amortization includes $1.9 million of accumulated impairment charges as of December 31, 2023.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2023, estimated annual amortization expense related to definite lived intangible assets in future periods is as follows:

 

 

 

(in thousands)

 

2024

 

$

1,006

 

2025

 

 

425

 

2026

 

 

170

 

Thereafter

 

 

-

 

Total

 

$

1,601

 
Schedule of Changes in Carrying Values of Goodwill

All goodwill is attributable to the gaming accessories reporting unit. Changes in the carrying values of goodwill for twelve months ended December 31, 2023 are as follows:

 

 

 

(in thousands)

 

Balance as of January 1, 2023

 

$

10,686

 

No Activity

 

 

-

 

Balance as of December 31, 2023

 

$

10,686