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Note 4 - Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2024
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 nine months ended September 30, 2024 was as follows:
(in thousands) |  |  |  |
Carrying amount at December 31, 2023 |  | $ | 57,065 |
Effect of change in currency translation |  |  | 374 |
Carrying amount at September 30, 2024 |  | $ | 57,439 |
Intangible assets, net at September 30, 2024 and December 31, 2023 consisted of the following:
|  | September 30, 2024 |  |  | December 31, 2023 |
(in thousands) |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
Amortizable intangible assets: |  | Gross |  |  | Amortization |  |  | Net |  |  | Gross |  |  | Amortization |  |  | Net |
Customer relationships |  | $ | 16,026 |  |  | $ | (10,538 | ) |  | $ | 5,488 |  |  | $ | 16,038 |  |  | $ | (9,706 | ) |  | $ | 6,332 |
Technology and software development |  |  | 35,468 |  |  |  | (29,893 | ) |  |  | 5,575 |  |  |  | 35,007 |  |  |  | (27,029 | ) |  |  | 7,978 |
Trade names and patents |  |  | 7,606 |  |  |  | (6,536 | ) |  |  | 1,070 |  |  |  | 7,613 |  |  |  | (6,094 | ) |  |  | 1,519 |
Total amortizable intangible assets |  | $ | 59,100 |  |  | $ | (46,967 | ) |  | $ | 12,133 |  |  | $ | 58,658 |  |  | $ | (42,829 | ) |  | $ | 15,829 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  | 208 |  |  |  |  |  |  |  |  |  |  |  | 207 |
Total intangible assets |  |  |  |  |  |  |  |  |  | $ | 12,341 |  |  |  |  |  |  |  |  |  |  | $ | 16,036 |
Intangible asset amortization expense for the three and nine months ended September 30, 2024 and 2023 was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenues |  | $ | 44 |  |  | $ | - |  |  | $ | 131 |  |  | $ | - |
Operating expense |  |  | 1,334 |  |  |  | 1,361 |  |  |  | 3,998 |  |  |  | 4,138 |
Total amortization of intangible assets |  | $ | 1,378 |  |  | $ | 1,361 |  |  | $ | 4,129 |  |  | $ | 4,138 |
As of September 30, 2024, estimated future amortization expense of amortizable intangible assets is as follows:
(in thousands) |  |  |  |
2024 (remainder of the year) |  | $ | 1,306 |
2025 |  |  | 4,201 |
2026 |  |  | 2,540 |
2027 |  |  | 1,269 |
2028 |  |  | 1,476 |
Thereafter |  |  | 1,341 |
Total |  | $ | 12,133 |

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- 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
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