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:
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| (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 |
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| (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:
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As of December 31, |
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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:
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|
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 |
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|
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 |
|
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|
| Schedule of future amortization expense |
Total estimated amortization expense for our intangible assets for the years 2021 through 2025 are as follows:
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|
|
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|
| Amortization Expense |
(in thousands) |
| 2021 |
$ |
1,004 |
|
| 2022 |
$ |
1,003 |
|
| 2023 |
$ |
505 |
|
| 2024 |
$ |
410 |
|
| 2025 |
$ |
394 |
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|
| Schedule of Goodwill |
Changes in the carrying amount of our goodwill by reporting unit for the year ended December 31, 2020 were as follows:
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| (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:
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|
|
|
|
| (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:
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| (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 |
|
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