XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 4 - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
| 4. | Goodwill and Intangible Assets
The change in the carrying amount of goodwill is as follows:
|  | December 31, |
|  | 2022 |  |  | 2021 |
(in thousands) |  |  |  |  |  |  |  |
Carrying amount at beginning of period |  | $ | 57,689 |  |  | $ | 58,590 |
Effect of change in currency translation |  |  | (1,429 | ) |  |  | (901 | )
Carrying amount at end of period |  | $ | 56,260 |  |  | $ | 57,689 |
Identifiable intangible assets at December 31, 2022 and 2021 consist of the following:
|  |  |  |  |  | December 31, 2022 |  |  | December 31, 2021 |
(in thousands) |  | Average |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
Amortizable intangible assets: |  | Life* |  |  | Gross |  |  | Amortization |  |  | Net |  |  | Gross |  |  | Amortization |  |  | Net |
Distribution agreements/customer relationships |  |  | 7.2 |  |  | $ | 16,124 |  |  | $ | (8,727 | ) |  | $ | 7,397 |  |  | $ | 17,689 |  |  | $ | (8,675 | ) |  | $ | 9,014 |
Existing technology |  |  | 3.2 |  |  |  | 37,549 |  |  |  | (26,482 | ) |  |  | 11,067 |  |  |  | 38,707 |  |  |  | (23,962 | ) |  |  | 14,745 |
Trade names and patents |  |  | 3.7 |  |  |  | 7,523 |  |  |  | (5,197 | ) |  |  | 2,326 |  |  |  | 8,496 |  |  |  | (5,108 | ) |  |  | 3,388 |
Total amortizable intangible assets |  |  |  |  |  | $ | 61,196 |  |  | $ | (40,406 | ) |  | $ | 20,790 |  |  | $ | 64,892 |  |  | $ | (37,745 | ) |  | $ | 27,147 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 224 |  |  |  |  |  |  |  |  |  |  |  | 238 |
Total intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 21,014 |  |  |  |  |  |  |  |  |  |  | $ | 27,385 |
* Weighted average life in years as of December 31, 2022 During the year ended December 31, 2022, the Company wrote off approximately $2.5 million of fully amortized intangible assets of certain customer relationships and other intangibles related to discontinued product lines. Intangible asset amortization expense was $6.1 million and $5.8 million of the years ended December 31, 2022 and 2021, respectively. Estimated amortization expense of existing amortizable intangible assets for each of the five succeeding years and thereafter is as follows:
(in thousands) |  |  |  |
2023 |  | $ | 5,546 |
2024 |  |  | 5,248 |
2025 |  |  | 4,020 |
2026 |  |  | 2,359 |
2027 |  |  | 1,262 |
Thereafter |  |  | 2,355 |
Total |  | $ | 20,790 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
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