v3.24.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment loss during the nine months ended September 30, 2024 were as follows:

 

 

Gross
Carrying
Amount

 

 

Accumulated
Impairment
Loss

 

 

Net

 

Beginning balance, January 1, 2024

 

$

4,387

 

 

$

(1,833

)

 

$

2,554

 

Foreign currency translation and measurement period adjustments

 

 

13

 

 

 

—

 

 

 

13

 

Ending balance, September 30, 2024

 

$

4,400

 

 

$

(1,833

)

 

$

2,567

 

 
Summary Quantitative Assessment

This quantitative assessment for the quarter ended June 30, 2023 resulted in the following:

Reporting Unit

 

Goodwill Impairment

 

 

Remaining Goodwill

 

Electronics

 

$

826

 

 

$

1,420

 

General Metal Finishing

 

 

428

 

 

 

307

 

Equipment Solutions

 

 

372

 

 

 

100

 
Intangible Assets

The Company’s intangible assets are comprised of the following:

As of September 30, 2024:

 

Gross

 

 

Accumulated Impairment Charges

 

 

Accumulated Amortization

 

 

Foreign Currency Translation

 

 

Net

 

Completed technology

 

$

1,268

 

 

$

(152

)

 

$

(473

)

 

$

(3

)

 

$

640

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(442

)

 

 

(11

)

 

 

1,618

 

Patents, trademarks, trade names and other

 

 

381

 

 

 

(63

)

 

 

(127

)

 

 

(6

)

 

 

185

 

 

 

$

3,721

 

 

$

(216

)

 

$

(1,042

)

 

$

(20

)

 

$

2,443

 

 

As of December 31, 2023:

 

Gross

 

 

Accumulated
Impairment Charges

 

 

Accumulated
Amortization Charges

 

 

Foreign Currency Translation and Measurement Period Adjustments

 

 

Net

 

Completed technology

 

$

1,268

 

 

$

(152

)

 

$

(405

)

 

$

(4

)

 

$

707

 

Customer relationships

 

 

2,072

 

 

 

(1

)

 

 

(335

)

 

 

(17

)

 

 

1,719

 

Patents, trademarks, trade names and other

 

 

381

 

 

 

(63

)

 

 

(118

)

 

 

(7

)

 

 

193

 

 

 

$

3,721

 

 

$

(216

)

 

$

(858

)

 

$

(28

)

 

$

2,619

 
Estimated Net Amortization Expense

Aggregate net amortization expense related to acquired intangible assets for future years is as follows:

Year

 

Amount

 

2024 (remaining)

 

$

64

 

2025

 

 

254

 

2026

 

 

250

 

2027

 

 

249

 

2028

 

 

249

 

2029

 

 

246

 

Thereafter

 

 

1,075