Supplemental Financial Statement Information (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Property, Plant and Equipment [Abstract] |
|
| 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 |
|
2019 |
|
2018 |
|
|
|
(in thousands) |
|
|
|
|
Furniture, equipment and software (includes $0.5 million and $0.4 million under finance leases and capital leases, respectively) |
$ |
3,130 |
|
|
$ |
2,095 |
|
|
3 - 7 years |
| Personal property |
1,105 |
|
|
1,090 |
|
|
5 years |
| Leasehold improvements |
1,077 |
|
|
342 |
|
|
Lesser of lease term or 5 years |
| Land improvements |
601 |
|
|
601 |
|
|
15 years |
| Building |
8,064 |
|
|
7,773 |
|
|
39 years |
| Land |
691 |
|
|
691 |
|
|
|
| Work in process |
712 |
|
|
— |
|
|
|
|
15,380 |
|
|
12,592 |
|
|
|
Less: accumulated depreciation (includes $0.2 million and $0.1 million under finance leases and capital leases, respectively) |
2,215 |
|
|
951 |
|
|
|
| Property and equipment, net |
$ |
13,165 |
|
|
$ |
11,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
|
|
|
|
|
|
Gross carrying
amount |
|
Accumulated
amortization |
|
Carrying value |
|
Estimated useful life |
|
(in thousands) |
|
|
|
|
|
|
| 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
Gross carrying
amount |
|
Accumulated
amortization |
|
Carrying value |
|
Estimated useful life |
|
(in thousands) |
|
|
|
|
|
|
| Trademarks and tradenames |
$ |
2,285 |
|
|
|
$ |
(459) |
|
|
|
$ |
1,826 |
|
|
5-10 years |
| Customer relationships |
1,196 |
|
|
|
(199) |
|
|
|
997 |
|
|
5 years |
| Other intangibles |
2,061 |
|
|
|
(1,222) |
|
|
|
839 |
|
|
2-15 years |
|
$ |
5,542 |
|
|
|
$ |
(1,880) |
|
|
|
$ |
3,662 |
|
|
|
|
| Schedule of future amortization expense |
Total estimated amortization expense for our intangible assets for the years 2020 through 2024 are as follows:
|
|
|
|
|
|
| Amortization Expense |
(in thousands) |
| 2020 |
$ |
1,240 |
|
| 2021 |
$ |
916 |
|
| 2022 |
$ |
915 |
|
| 2023 |
$ |
417 |
|
| 2024 |
$ |
319 |
|
|
| Schedule of Goodwill |
Changes in the carrying amount of our goodwill by reporting unit for the year ended December 31, 2019 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
U.S. |
Canada |
Europe |
Total |
| Balance at December 31, 2018 |
$ |
5,446 |
|
$ |
— |
|
$ |
— |
|
$ |
5,446 |
|
| Acquisitions (see Note 3—Business Acquisitions) |
3,550 |
|
— |
|
2,921 |
|
6,471 |
|
| Impairment expense |
— |
|
— |
|
— |
|
— |
|
| Foreign currency translation adjustment |
— |
|
— |
|
65 |
|
65 |
|
| Balance at December 31, 2019 |
$ |
8,996 |
|
$ |
— |
|
$ |
2,986 |
|
$ |
11,982 |
|
|
| Schedule of Other Assets |
The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
December 31, 2018 |
|
(in thousands) |
|
|
| Accrued expenses and other current liabilities: |
|
|
|
| Accrued purchase price consideration for business acquisition |
$ |
3,029 |
|
|
|
$ |
— |
|
| Contingent consideration payable |
1,568 |
|
|
|
— |
|
| Accrued taxes, state and income |
1,423 |
|
|
|
665 |
|
| Payroll related including bonus |
1,314 |
|
|
|
1,314 |
|
| Accrued offering costs |
— |
|
|
|
1,500 |
|
| Other |
3,088 |
|
|
|
3,490 |
|
|
$ |
10,422 |
|
|
$ |
6,969 |
|
|
| Contract with Customer, Asset and Liability |
Changes in our customer deposits during the year ended December 31, 2019 are as follows:
|
|
|
|
|
|
| (in thousands) |
Customer Deposits |
| Balance as of December 31, 2018 |
$ |
3,071 |
|
| Increases due to deposits received, net of other adjustments |
10,770 |
|
| Revenue recognized |
(10,689) |
|
| Balance as of December 31, 2019 |
$ |
3,152 |
|
|
| Schedule of Accumulated Other Comprehensive Income (Loss) |
For the years ended December 31, 2019 and 2018, changes in accumulated other comprehensive loss were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
Foreign Currency Translation |
|
Unrealized Loss on Derivative Instrument |
|
Total |
| Balance at December 31, 2017 |
$ |
(209) |
|
|
|
$ |
— |
|
|
|
$ |
(209) |
|
| Other comprehensive loss |
(77) |
|
|
|
— |
|
|
|
(77) |
|
| Balance at December 31, 2018 |
(286) |
|
|
— |
|
|
(286) |
|
| Other comprehensive income (loss) |
193 |
|
|
(206) |
|
|
(13) |
|
| Effects of the reorganization transactions |
203 |
|
|
— |
|
|
203 |
|
| Other comprehensive (income) loss attributable to noncontrolling interest |
(132) |
|
|
156 |
|
|
24 |
|
| Balance at December 31, 2019 |
$ |
(22) |
|
|
$ |
(50) |
|
|
$ |
(72) |
|
|