Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.22.2.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS  
Summary of changes in goodwill

    

Products

    

Distribution

    

Total

Balance, December 31, 2021

$

63,646

$

2,616

$

66,262

Radar acquisition

6,711

6,711

Foreign currency translation adjustments

 

(463)

 

 

(463)

Balance, March 31, 2022

$

69,894

$

2,616

$

72,510

Radar acquisition measurement period adjustment

(422)

(422)

Cyalume acquisition

6,641

6,641

Foreign currency translation adjustments

(702)

(702)

Balance, June 30, 2022

$

75,411

$

2,616

$

78,027

Foreign currency translation adjustments

(831)

(831)

Balance, September 30, 2022

$

74,580

$

2,616

$

77,196

Summary of intangible assets

September 30, 2022

    

    

    

    

Weighted 

Accumulated 

Average 

Gross

amortization

Net

 

Useful Life

Definite lived intangibles:

 

  

 

  

 

  

 

  

Customer relationships

$

84,445

 

$

(57,160)

 

$

27,285

 

11

Technology

 

15,649

 

 

(11,213)

 

 

4,436

 

8

Tradenames

 

6,244

 

 

(3,857)

 

 

2,387

 

4

Non-compete agreements

 

922

 

 

(922)

 

 

 

4

$

107,260

 

$

(73,152)

 

$

34,108

Indefinite lived intangibles:

 

  

 

 

  

 

 

  

 

  

Tradenames

 

17,410

 

 

 

 

17,410

 

Indefinite

Total

$

124,670

 

$

(73,152)

 

$

51,518

 

  

December 31, 2021

    

    

    

    

Weighted 

Accumulated 

Average 

Gross

amortization

Net

 

Useful Life

Definite lived intangibles:

 

  

 

  

 

  

 

  

Customer relationships

$

74,078

$

(52,536)

 

$

21,542

 

11

Technology

 

11,978

 

 

(10,988)

 

 

990

 

7

Tradenames

 

6,473

 

 

(3,264)

 

 

3,209

 

4

Non-compete agreements

 

1,037

 

 

(1,037)

 

 

 

4

$

93,566

 

$

(67,825)

 

$

25,741

Indefinite lived intangibles:

 

  

 

 

  

 

 

  

 

  

Tradenames

 

16,674

 

 

 

 

16,674

 

Indefinite

Total

$

110,240

 

$

(67,825)

 

$

42,415

 

  

Summary of estimated amortization expense for finite lived intangible assets

Remainder of 2022

    

$

1,910

2023

 

7,735

2024

 

4,853

2025

 

2,934

2026

 

2,543

Thereafter

 

14,133

$

34,108