Annual report pursuant to Section 13 and 15(d)

Supplemental Financial Statement Information (Tables)

v3.21.1
Supplemental Financial Statement Information (Tables)
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Other Assets
The following table summarizes the composition of other current assets as of the dates indicated:
(in thousands) December 31, 2020 December 31, 2019
Other current assets:
VAT refund receivable $ 4,391  $ — 
Prepaid expenses 1,542  2,850 
Other 4,959  2,074 
$ 10,892  $ 4,924 
The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:
(in thousands) December 31, 2020 December 31, 2019
Accrued expenses and other current liabilities:
VAT payable $ 9,882  $ — 
Payroll-related including bonus 2,361  1,314 
Accrued professional fees 1,750  305 
Accrued third-party logistics fees 1,295  — 
Liabilities held for sale 226  — 
Accrued taxes, state and income 211  1,423 
Accrued purchase price consideration for business acquisition —  3,029 
Contingent consideration payable —  1,568 
Other 3,665  2,783 
$ 19,390  $ 10,422 
Property, Plant and Equipment
The following is a summary of our property and equipment, at costs less accumulated depreciation and amortization:
As of December 31, Estimated useful life
(in thousands) 2020 2019
Furniture, equipment and software (includes $0.6 million and $0.5 million under finance leases as of December 31, 2020 and 2019, respectively)
 $ 2,978  $ 3,130 
3 - 7 years
Personal property 1,130  1,105  5 years
Leasehold improvements 844  1,077 
Lesser of lease term or 5 years
Land improvements 601  601  15 years
Building 8,088  8,064  39 years
Land 691  691 
Work in process 633  712 
14,965  15,380 
Less: accumulated depreciation (includes $0.2 million under finance leases as of December 31, 2020 and 2019)
 2,764  2,215 
Property and equipment, net $ 12,201  $ 13,165 
Identified intangible assets consisted of the following at the dates indicated below:
December 31, 2020
(in thousands) Gross carrying
amount		 Accumulated
amortization		 Carrying value Estimated useful life
Design libraries $ 1,677  $ (214) $ 1,463  15 years
Trademarks and tradenames 3,617  (1,572) 2,045 
1 - 15 years
Customer relationships 2,565  (796) 1,769 
5 - 15 years
Other intangibles $ 2,045  (1,377) 668 
2 - 15 years
$ 9,904  $ (3,959) $ 5,945 

December 31, 2019
(in thousands) Gross carrying
amount		 Accumulated
amortization		 Carrying value Estimated useful life
Design libraries $ 1,677  $ (103) $ 1,574  15 years
Trademarks and tradenames 3,388  (962) 2,426 
1 - 15 years
Customer relationships 2,446  (473) 1,973 
5 - 15 years
Other intangibles 2,089  (1,761) 328 
2 - 15 years
$ 9,600  $ (3,299) $ 6,301 
Schedule of future amortization expense Total estimated amortization expense for our intangible assets for the years 2021 through 2025 are as follows:
Amortization Expense (in thousands)
2021 $ 1,004 
2022 $ 1,003 
2023 $ 505 
2024 $ 410 
2025 $ 394 
Schedule of Goodwill
Changes in the carrying amount of our goodwill by reporting unit for the year ended December 31, 2020 were as follows:
(in thousands) U.S. Canada Europe Total
Balance at December 31, 2019 $ 8,996  $ —  $ 2,986  $ 11,982 
Impairment expense (8,996) —  —  (8,996)
Foreign currency translation adjustment —  —  294  294 
Balance at December 31, 2020 $ —  $ —  $ 3,280  $ 3,280 
Contract with Customer, Asset and Liability Changes in our customer deposits during the year ended December 31, 2020 were as follows:
(in thousands) Customer Deposits
Balance as of December 31, 2019 $ 3,152 
Increases due to deposits received, net of other adjustments 9,164 
Revenue recognized (9,587)
Balance as of December 31, 2020 $ 2,729 
Schedule of Accumulated Other Comprehensive Income (Loss)
For the years ended December 31, 2020 and 2019, changes in accumulated other comprehensive loss were as follows:
(in thousands) Foreign Currency Translation Unrealized Loss on Derivative Instrument Total
Balance at December 31, 2018 $ (286) $ —  $ (286)
Other comprehensive income (loss) 193  (206) (13)
Effects of the reorganization transactions 203  —  203 
Less: Other comprehensive (income) loss attributable to non-controlling interest (132) 156  24 
Balance at December 31, 2019 (22) (50) (72)
Other comprehensive income (loss) 654  (459) 195 
Less: Other comprehensive (income) loss attributable to non-controlling interest (449) 355  (94)
Balance at December 31, 2020 $ 183  $ (154) $ 29