Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 9

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 amounts assigned to the assets acquired and liabilities assumed. The net assets and results of operations of an acquired entity are included in the Company’s consolidated financial statements from the acquisition date. Goodwill is not amortized but is tested for impairment annually or upon the occurrence of certain events.

8

Other Intangible AssetsThe Company’s other intangible assets that have finite lives (customer relationships, patents and other intellectual property) are amortized over their useful lives and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If any such indicators are present, the Company would test for recoverability by comparing the carrying amount of the asset to the net undiscounted cash flows expected to be generated from the asset.A portion of the Company’s other intangible assets are spectrum, regulatory authorizations, and trade names, which are indefinite-lived. The Company reevaluates the useful life determination for these assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life. Indefinite-lived intangible assets are not amortized and are instead tested for impairment annually, or upon the occurrence of certain events.

3. Cash and Cash Equivalents

Cash and Cash EquivalentsThe following table presents the Company’s cash and cash equivalents:June 30, 2025December 31, 2024Recurring FairValue Measurement (In thousands) Cash and cash equivalents: Cash$37,565 $16,913  Money market funds41,744 76,613 Level 2Total cash and cash equivalents$79,309 $93,526  

 4. Intangible Assets and Goodwill

Intangible AssetsThe following tables present identifiable intangible assets: June 30, 2025UsefulLifeGrossCarrying ValueAccumulatedAmortizationNetCarrying Value (In thousands)Indefinite life intangible assets: Trade namesIndefinite$21,195 $— $21,195 Spectrum and licensesIndefinite14,030 — 14,030 Total 35,225 — 35,225 Definite life intangible assets: Intellectual property20 years16,439 (11,637)4,802 Patents14 - 20 years587 (229)358 Customer relationships12 years57,000 (8,483)48,517 Total 74,026 (20,349)53,