Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 143

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 143
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 relationships$51 $13 $38 Distribution rights1,250 460 790 Intellectual property2,284 2,284 — $3,585 $2,757 $828 Amortization expense related to intangible assets was $106 and $101 for the three months ended June 30, 2025 and 2024, respectively, and $210 and $201 for the six months ended June 30, 2025 and 2024, respectively. Amortization expense was categorized as general and administrative expense.As of June 30, 2025, the total weighted average remaining useful lives of the definite-lived intangible assets was 1.5 years.Estimated future amortization expense for intangible assets recorded by the Company at June 30, 2025 is as follows:Years ending December 31,AmortizationExpense2025$212 2026424 Total amortization expense$636 

(14)     Revenue from Contracts with Customers

In accordance with ASC 606, revenue is recognized when a customer obtains control of promised products and services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these products and services.Disaggregation of RevenueThe following table summarizes net sales from contracts with customers for the six months ended June 30, 2025 and 2024:Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Service - over time$23,049 $24,674 $44,691 $49,712 Product - point in time3,574 3,999 7,346 8,228  Total net sales$26,623 $28,673 $52,037 $57,940 For product sales, the delivery of the Company’s performance obligations is generally transferred to the customer, and associated revenue is recognized, at a point in time. For service sales, the delivery of the Company’s performance obligations is transferred to the customer, and associated revenue is recognized, over time. Revenues for these service agreements are recognized over time using an output method based upon the passage of time, as this provides a faithful depiction of the pattern 

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of transfer of control. The Company's performance is impacted by the levels of activity in the marine and land mobile markets, among other factors. Performance in any particular period could be impacted by the timing of sales to certain large