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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL Intangible assets and goodwill consisted of the following at December 31, 2024 and 2023 (in thousands):
| Useful lives |  | 2024 |  | 2023
INTANGIBLE ASSETS |  |  |  |  |
Patents | 4-10 years |  | $ | 100 |  |  | $ | 182 |
Customer relationships | 8-15 years |  | 48,036 |  |  | 52,588 |
Technology | 3-5 years |  | 8,371 |  |  | 8,944 |
Domain | 7 years |  | — |  |  | 14 |
Non-compete | 3 years |  | 391 |  |  | 391 |
Tradenames | 2-10 years |  | 12,253 |  |  | 12,723 |
Intangible assets, at cost |  |  | 69,151 |  |  | 74,842 |
Accumulated amortization |  |  | (43,207) |  |  | (28,878) |
Intangible assets, net of accumulated amortization |  |  | $ | 25,944 |  |  | $ | 45,964 |
GOODWILL |  |  |  |  |
Beginning Balance |  |  | $ | — |  |  | $ | 25,092 |
Change due to foreign currency translation |  |  | — |  |  | 103 |
Impairment |  |  | — |  |  | (25,195) |
Ending Balance |  |  | $ | — |  |  | $ | — |
The Company's Goodwill had an indefinite useful life and was tested for impairment annually. During the year ended December 31, 2023, due to declines in the Company's market capitalization and a reduction in cash flows resulting from continued softening in the industry leading to a reduction in sales from interactive flat-panel displays, the Company determined that its remaining Goodwill balance was fully impaired. The Company recognized goodwill impairment charges for the year ended December 31, 2023 of $22.4 million and $2.8 million in the Americas and EMEA reporting units, respectively. For the years ended December 31, 2024 and 2023, the Company recorded amortization expense on intangible assets of $19.9 million and $8.3 million, respectively. Amortization expense as of December 31, 2024 included approximately $12.3 million of accelerated amortization resulting from a revision to the useful lives of certain intangible assets from both the Americas and EMEA reporting segments to reflect the current expected economic useful life due to forecasted industry changes in the interactive flat panel display market as well as the Company's operational strategy to move to a unified worldwide display brand. Changes to gross carrying amount of recognized intangible assets due to translation adjustments were approximately ($0.8) million and ($0.1) million as of December 31, 2024 and 2023, respectively. Expected future amortization expense for intangible assets as of December 31, 2024 is as follows (in thousands):
2025 | $ | 9,426 |
2026 | 7,499 |
2027 | 2,569 |
2028 | 2,575 |
2029 | 2,559 |
Thereafter | 1,316 |
Total | $ | 25,944 |

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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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