XML 26 R13.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 
The Company has $7.5 million of goodwill related to its purchase of LCAI in the first quarter of fiscal year 2024, which has an indefinite life, and is not deductible for tax purposes.
 
As of March 31, 2024, the components of, and changes in, the carrying amount of intangible assets, net, were as follows (in thousands):
 
   
 
 
Cost
    
March 31, 2024 Accumulated
Amortization
    
 
Intangible
Assets, Net
  
Trademark
    
795
      
(169
)
    
626
  
Technology
    
6,161
      
(987
)
    
5,174
  
Customer relationship - Warranty
    
201
      
(65
)
    
136
  
Customer relationship - Rental
    
2,102
      
(337
)
    
1,765
  
Customer relationship - Distribution
    
4,578
      
(585
)
    
3,993
  
Backlog
    
296
      
(296
)
    
-
  
Total Amortized Intangible Assets
    
14,133
      
(2,439
)
    
11,694
  
 
The estimated amortization expense is shown below (in thousands):
 
Fiscal 2024 (period remaining)
  
$
2,516
  
Fiscal 2025
    
3,307
  
Fiscal 2026
    
3,143
  
Fiscal 2027
    
2,172
  
Fiscal 2028
    
556
  
Total
    
11,694