XML 37 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Intangible Assets, net and Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net and Goodwill | Note 9: Intangible Assets, net and Goodwill Intangible Assets, net The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years): Intangible Assets, net
Schedule of intangible asset |  |  |  |  |  |  |  |  |  |
|  | Weighted Average Remaining Amortization |  | As of December 31, |
|  | Period |  | 2024 |  |  | 2023 |
Customer Relationships |  | 5.5 |  | $ | 17,325 |  |  | $ | 17,325 |
Digital Networks |  | 13.3 |  |  | 803 |  |  |  | 803 |
Trade Names |  | 66.4 |  |  | 9,970 |  |  |  | 9,970 |
Intangible Assets, gross |  |  |  |  | 28,098 |  |  |  | 28,098 |
Less Accumulated Amortization |  |  |  |  | (5,822 | ) |  |  | (3,794 | )
Foreign Currency Translation Adjustment |  |  |  |  | (2,555 | ) |  |  | (1,311 | )
Intangible Assets, net |  |  |  | $ | 19,722 |  |  | $ | 22,993 |
During the years ended December 31, 2024 and 2023, the Company recorded intangible asset amortization expense of $2.0 million and $2.1 million, respectively. During the year ended December 31, 2023, as a result of the Company’s annual impairment testing, the Company recorded an impairment charge of $4.4 million related to Beacon’s Non-Compete Agreements and Customer Relationships. Expected future amortization of intangible assets subject to amortization as of December 31, 2024 is as follows (in thousands):
Schedule of expected future intangible asset amortization |  |  |  |
Fiscal Year: |  |  |  |
2025 |  | $ | 1,950 |
2026 |  |  | 1,950 |
2027 |  |  | 1,950 |
2028 |  |  | 1,950 |
Thereafter |  |  | 6,652 |
Total |  | $ | 14,452 |
As of December 31, 2024, $5.3 million of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization. Goodwill During the year ended December 31, 2023, the Company conducted its annual goodwill impairment assessment in accordance with applicable accounting standards. Based on this evaluation, it was determined that the carrying amount of goodwill exceeded its recoverable amount due to changes in market conditions and business performance. As a result, the Company has recognized a full impairment charge of $33.5 million, reducing the goodwill balance to $nil.

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration