Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.22.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill are as follows:
December 31,
2022		 January 1,
2022
Balance at beginning of year:
Gross goodwill $ 17,668  $ 17,367 
Goodwill as of beginning of year 17,668  17,367 
   
Goodwill acquired during the year 582  — 
Currency translation adjustment (882) 301 
Balance as of end of year
Gross goodwill 17,368  17,668 
Goodwill as of end of year $ 17,368  $ 17,668 
Schedule of Intangible Assets
Intangible assets consist of the following:
As of December 31, 2022
Gross carrying
amount		 Accumulated
 amortization		 Net carrying
amount		 Weighted-average
amortization
period (years)
Amortized intangible assets
Trade name and trademarks $ 2,285  $ (114) $ 2,171  10
Product formulas 8,701  (7,983) 718  8
Customer relationships 3,313  (414) 2,899  4
Non-compete agreements 467  (61) 406  4
Indefinite-lived intangible assets
Direct sales license 26,238  26,238 
     
$ 41,004  $ 32,432 
As of January 1, 2022
Gross carrying
amount		 Accumulated
amortization 		Net carrying
amount		 Weighted-average
amortization
period (years)
Amortized intangible assets
Trade name and trademarks $ 4,173  $ (4,173) $ —  10
Product formulas 9,440  (7,462) 1,978  8
Indefinite-lived intangible assets
Direct sales license 28,464  28,464 
   
$ 42,077  $ 30,442 
Schedule of Amortization Expense
Estimated Amortization Expense:  
 
2023 $ 1,843 
2024 1,224 
2025 1,154 
2026 692 
2027 253 
Thereafter 1,028 
 
$ 6,194