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Note 4 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2024

4.	Goodwill and Intangible Assets

The change in the carrying amount of goodwill for the six months ended June 30, 2024 was as follows:

(in thousands)
Carrying amount at December 31, 2023	$	57,065
Effect of change in currency translation		(438	)
Carrying amount at June 30, 2024	$	56,627

Intangible assets at June 30, 2024 and December 31, 2023 consisted of the following:

	June 30, 2024							December 31, 2023
(in thousands)			Accumulated							Accumulated
Amortizable intangible assets:	Gross		Amortization			Net		Gross		Amortization			Net
Customer relationships	$	15,785	$	(10,051	)	$	5,734	$	16,038	$	(9,706	)	$	6,332
Technology and software development		35,102		(28,810	)		6,292		35,007		(27,029	)		7,978
Trade names and patents		7,519		(6,304	)		1,215		7,613		(6,094	)		1,519
Total amortizable intangible assets	$	58,406	$	(45,165	)	$	13,241	$	58,658	$	(42,829	)	$	15,829
Indefinite-lived intangible assets:							200							207
Total intangible assets						$	13,441						$	16,036

Intangible asset amortization expense for the three and six months ended June 30, 2024 and 2023 was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Cost of revenues	$	43	$	-	$	87	$	-
Operating expense		1,331		1,389		2,664		2,777
Total amortization of intangible assets	$	1,374	$	1,389	$	2,751	$	2,777

As of June 30, 2024, estimated future amortization expense of amortizable intangible assets is as follows: