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Note 4 - Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
| 4. | Goodwill and Intangible Assets
The change in the carrying amount of goodwill for the year ended December 31, 2021 and 2020 are as follows:
|  | December 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Balance beginning of year |  | $ | 58,590 |  |  | $ | 57,381 |
Effect of change in currency translation |  |  | (901 | ) |  |  | 1,209 |
Balance at end of year |  | $ | 57,689 |  |  | $ | 58,590 |
Identifiable intangible assets at December 31, 2021 and 2020 consist of the following:
|  |  |  |  |  | December 31, |
|  |  |  |  |  | 2021 |  |  | 2020 |
(in thousands) |  | Average |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
Amortizable intangible assets: |  | Life* |  |  | Gross |  |  | Amortization |  |  | Net |  |  | Gross |  |  | Amortization |  |  | Net |
Distribution agreements/customer relationships |  |  | 7.9 |  |  | $ | 17,689 |  |  | $ | (8,675 | ) |  | $ | 9,014 |  |  | $ | 18,237 |  |  | $ | (7,746 | ) |  | $ | 10,491 |
Existing technology |  |  | 4.2 |  |  |  | 38,707 |  |  |  | (23,962 | ) |  |  | 14,745 |  |  |  | 38,761 |  |  |  | (20,674 | ) |  |  | 18,087 |
Trade names and patents |  |  | 4.5 |  |  |  | 8,496 |  |  |  | (5,108 | ) |  |  | 3,388 |  |  |  | 8,681 |  |  |  | (4,362 | ) |  |  | 4,319 |
Total amortizable intangible assets |  |  |  |  |  | $ | 64,892 |  |  | $ | (37,745 | ) |  | $ | 27,147 |  |  | $ | 65,679 |  |  | $ | (32,782 | ) |  | $ | 32,897 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 238 |  |  |  |  |  |  |  |  |  |  |  | 254 |
Total intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 27,385 |  |  |  |  |  |  |  |  |  |  | $ | 33,151 |
* Weighted average life in years as of December 31, 2021 Intangible asset amortization expense was $5.8 million and $5.7 million of the years ended December 31, 2021 and 2020, respectively. Estimated amortization expense of existing amortizable intangible assets for each of the five succeeding years and thereafter is as follows:
|  | Amortization |
Year Ending December 31, |  | Expense |
(in thousands) |  |  |  |
2022 |  | $ | 5,766 |
2023 |  |  | 5,661 |
2024 |  |  | 5,359 |
2025 |  |  | 4,262 |
2026 |  |  | 2,452 |
Thereafter |  |  | 3,647 |
Total |  | $ | 27,147 |

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- 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 http://asc.fasb.org/topic&trid=2144416 + Details
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