Turtle Beach (HEAR) 10-Q5 Aug 212021 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Jul. 31, 2021
Cover [Abstract]
Entity Registrant Name	TURTLE BEACH CORPORATION
Entity Central Index Key	0001493761
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		16,065,231
Entity Shell Company	false
Trading Symbol	HEAR
Entity Current Reporting Status	Yes
Entity File Number	001-35465
Entity Tax Identification Number	27-2767540
Entity Address, Address Line One	44 South Broadway
Entity Address, Address Line Two	4th Floor
Entity Address, City or Town	White Plains
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10601
City Area Code	888
Local Phone Number	496-8001
Entity Incorporation, State or Country Code	NV
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.001
Security Exchange Name	NASDAQ

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net revenue	$ 78,564	$ 79,680	$ 171,617	$ 114,687
Cost of revenue	49,854	50,453	108,052	74,675
Gross profit	28,710	29,227	63,565	40,012
Operating expenses:
Selling and marketing	15,678	9,559	27,223	17,207
Research and development	4,416	3,001	8,409	5,428
General and administrative	8,173	6,710	15,210	12,433
Total operating expenses	28,267	19,270	50,842	35,068
Operating income	443	9,957	12,723	4,944
Interest expense	73	83	170	252
Other non-operating expense (income), net	(65)	(1,616)	514	(1,419)
Income before income tax	435	11,490	12,039	6,111
Income tax expense (benefit)	(1,286)	3,286	1,480	1,462
Net income	$ 1,721	$ 8,204	$ 10,559	$ 4,649
Net income per share
Basic (in dollars per share)	$ 0.11	$ 0.56	$ 0.67	$ 0.32
Diluted (in dollars per share)	$ 0.09	$ 0.51	$ 0.58	$ 0.30
Weighted average number of shares:
Basic (in shares)	15,920	14,581	15,737	14,538
Diluted (in shares)	18,329	16,229	18,204	15,363

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,721	$ 8,204	$ 10,559	$ 4,649
Foreign currency translation adjustment	805	(113)	94	(932)
Other comprehensive income (loss)	805	(113)	94	(932)
Comprehensive income (loss)	$ 2,526	$ 8,091	$ 10,653	$ 3,717

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 56,197	$ 46,681
Accounts receivable, net	28,025	43,867
Inventories	81,931	71,301
Prepaid expenses and other current assets	19,418	8,127
Total Current Assets	185,571	169,976
Property and equipment, net	6,917	6,575
Deferred income taxes	7,047	6,946
Goodwill	10,686	8,178
Intangible assets, net	6,442	5,138
Other assets	6,090	6,640
Total Assets	222,753	203,453
Current Liabilities:
Accounts payable	47,909	42,529
Other current liabilities	32,835	36,122
Total Current Liabilities	80,744	78,651
Income tax payable	3,328	3,146
Other liabilities	4,989	5,257
Total Liabilities	89,061	87,054
Commitments and Contingencies
Stockholders’ Equity
Common stock, $0.001 par value - 25,000,000 shares authorized; 16,065,231 and 15,475,504 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively	16	15
Additional paid-in capital	197,207	190,568
Accumulated deficit	(64,214)	(74,773)
Accumulated other comprehensive income (loss)	683	589
Total Stockholders’ Equity	133,692	116,399
Total Liabilities and Stockholders’ Equity	$ 222,753	$ 203,453

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized	25,000,000	25,000,000
Common stock shares issued	16,065,231	15,475,504
Common stock shares outstanding	16,065,231	15,475,504

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 10,559,000	$ 4,649,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,847,000	2,061,000
Amortization of intangible assets	625,000	443,000
Amortization of debt financing costs	95,000	94,000
Stock-based compensation	3,727,000	2,405,000
Deferred income taxes	(101,000)	761,000
Change in sales returns reserve	(4,186,000)	(1,207,000)
Provision for obsolete inventory	783,000	1,493,000
Increase in fair value of contingent consideration		335,000
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	20,028,000	8,730,000
Inventories	(11,413,000)	(734,000)
Accounts payable	4,580,000	19,020,000
Prepaid expenses and other assets	(11,299,000)	(6,124,000)
Income taxes payable	(6,850,000)	135,000
Other liabilities	4,053,000	(219,000)
Net cash provided by operating activities	12,448,000	31,842,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(3,316,000)	(2,303,000)
Acquisition of a business, net of cash acquired	(2,500,000)
Net cash used for investing activities	(5,816,000)	(2,303,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit facilities	120,858,000	48,426,000
Repayment of revolving credit facilities	(120,858,000)	(64,081,000)
Proceeds from exercise of stock options and warrants	3,262,000	59,000
Repurchase of common stock to satisfy employee tax withholding obligations	(463,000)	(108,000)
Net cash provided by (cash used for) financing activities	2,799,000	(15,704,000)
Effect of exchange rate changes on cash and cash equivalents	85,000	(878,000)
Net increase in cash and cash equivalents	9,516,000	12,957,000
Cash and cash equivalents - beginning of period	46,681,000	8,249,000
Cash and cash equivalents - end of period	56,197,000	21,206,000
SUPPLEMENTAL DISCLOSURE OF INFORMATION
Cash paid for interest	88,000	198,000
Cash paid for income taxes	$ 8,041,000	$ 44,000

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Total	Common stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2019	$ 63,387	$ 14	$ 176,776	$ (113,519)	$ 116
Beginning Balance, shares at Dec. 31, 2019		14,488,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(3,555)			(3,555)
Other comprehensive loss, net of tax	(819)				(819)
Issuance of restricted stock	1	$ 1
Issuance of restricted stock, shares		19,000
Repurchase of common stock and retirement of related treasury shares	(48)		(48)
Repurchase of common stock and retirement of related treasury shares, shares		(7,000)
Stock options exercised	18		18
Stock options exercised, shares		6,000
Stock-based compensation	999		999
Ending Balance at Mar. 31, 2020	59,983	$ 15	177,745	(117,074)	(703)
Ending Balance, shares at Mar. 31, 2020		14,506,000
Beginning Balance at Dec. 31, 2019	63,387	$ 14	176,776	(113,519)	116
Beginning Balance, shares at Dec. 31, 2019		14,488,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,649
Other comprehensive loss, net of tax	(932)
Ending Balance at Jun. 30, 2020	69,461	$ 15	179,132	(108,870)	(816)
Ending Balance, shares at Jun. 30, 2020		14,594,000
Beginning Balance at Mar. 31, 2020	59,983	$ 15	177,745	(117,074)	(703)
Beginning Balance, shares at Mar. 31, 2020		14,506,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,204			8,204
Other comprehensive loss, net of tax	(113)				(113)
Issuance of restricted stock, shares		85,000
Repurchase of common stock and retirement of related treasury shares	(60)		(60)
Repurchase of common stock and retirement of related treasury shares, shares		(6,000)
Stock options exercised	41		41
Stock options exercised, shares		9,000
Stock-based compensation	1,406		1,406
Ending Balance at Jun. 30, 2020	69,461	$ 15	179,132	(108,870)	(816)
Ending Balance, shares at Jun. 30, 2020		14,594,000
Beginning Balance at Dec. 31, 2020	116,399	$ 15	190,568	(74,773)	589
Beginning Balance, shares at Dec. 31, 2020		15,476,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,838			8,838
Other comprehensive loss, net of tax	(711)				(711)
Issuance of restricted stock	113		113
Issuance of restricted stock, shares		26,000
Repurchase of common stock and retirement of related treasury shares	(215)		(215)
Repurchase of common stock and retirement of related treasury shares, shares		(6,000)
Stock options exercised	912	$ 1	911
Stock options exercised, shares		159,000
Stock-based compensation	1,786		1,786
Ending Balance at Mar. 31, 2021	127,122	$ 16	193,163	(65,935)	(122)
Ending Balance, shares at Mar. 31, 2021		15,655,000
Beginning Balance at Dec. 31, 2020	116,399	$ 15	190,568	(74,773)	589
Beginning Balance, shares at Dec. 31, 2020		15,476,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,559
Other comprehensive loss, net of tax	$ 94
Stock options exercised, shares	376,040
Ending Balance at Jun. 30, 2021	$ 133,692	$ 16	197,207	(64,214)	683
Ending Balance, shares at Jun. 30, 2021		16,065,000
Beginning Balance at Mar. 31, 2021	127,122	$ 16	193,163	(65,935)	(122)
Beginning Balance, shares at Mar. 31, 2021		15,655,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,721			1,721
Other comprehensive loss, net of tax	805				805
Issuance of restricted stock	1		1
Issuance of restricted stock, shares		202,000
Repurchase of common stock and retirement of related treasury shares	(248)		(248)
Repurchase of common stock and retirement of related treasury shares, shares		(9,000)
Stock options exercised	2,350		2,350
Stock options exercised, shares		217,000
Stock-based compensation	1,941		1,941
Ending Balance at Jun. 30, 2021	$ 133,692	$ 16	$ 197,207	$ (64,214)	$ 683
Ending Balance, shares at Jun. 30, 2021		16,065,000

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
Background and Basis of Presentation	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Background and Basis of Presentation	Note Organization Turtle Beach Corporation (“Turtle Beach” or the “Company”), headquartered in White Plains, New York and incorporated in the state of Nevada in 2010, is a premier audio and gaming technology company with expertise and experience in developing, commercializing and marketing innovative products across a range of large addressable markets under the Turtle Beach®, ROCCAT® and Neat Microphones® brands. Turtle Beach is a worldwide leader of feature-rich headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (“PC”), tablets and mobile devices. Under the ROCCAT brand, the Company creates award-winning keyboards, mice, headsets, mousepads, and other computer accessories. The recently acquired, Neat brand creates high-quality USB and analog microphones for gamers, streamers, and professionals that embrace cutting-edge technology and design. VTB Holdings, Inc. (“VTBH”), a wholly-owned subsidiary of Turtle Beach and the owner of Voyetra Turtle Beach, Inc. (“VTB”), was incorporated in the state of Delaware in 2010. VTB, the owner of TBC Holding Company LLC and Turtle Beach Europe Limited (“TB Europe”), was incorporated in the state of Delaware in 1975 with operations principally located in White Plains, New York. TB Europe, the owner of TB Germany GmbH, was incorporated in the United Kingdom in 1999. Basis of Presentation The accompanying interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, reflect all adjustments (which include normal recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), have been condensed or omitted pursuant to those rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not misleading. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire fiscal year. The December 31, 2020 Condensed Consolidated Balance Sheet has been derived from the Company’s audited financial statements included in its Annual Report on Form 10-K filed with the SEC on March 4, 2021 (“Annual Report”). These financial statements should be read in conjunction with the annual financial statements and the notes thereto included in the Annual Report that contains information useful to understanding the Company's businesses and financial statement presentations. Use of estimates : The preparation of accompanying unaudited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates may change, as new events occur and additional information is obtained, and will be recognized in the consolidated financial statements in the period in which such changes occur. Future actual results could differ materially from these estimates. The novel coronavirus (“COVID-19”) pandemic has disrupted worldwide economic markets and the extent to which COVID-19 continues to affect the Company’s business, results of operations and financial condition will depend on future developments, which are highly uncertain and difficult to predict. We continue to actively monitor and assess the impact of the pandemic on our business, operations, and financial condition.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note The preparation of consolidated annual and quarterly financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Company’s consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. The Company can give no assurance that actual results will not differ from those estimates. There have been no material changes to the critical accounting policies and estimates from the information provided in Note 1 of the notes to our consolidated financial statements in our Annual Report.

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2021
Business Combinations [Abstract]
Acquisitions	Note 3. Acquisitions Neat Microphones On January 12, 2021, the Company acquired certain assets related to the Neat Microphones business of Stray Electrons LLC, a California limited liability company (“Neat Microphones”) for a purchase price of $2.5 million and up to $2.3 million in potential earn-outs based on revenues and earnings targets for the year ended December 31, 2021, as provided in the asset purchase agreement. The closing payment was funded from cash on the Company’s balance sheet. In addition, business transaction costs incurred in connection with the acquisition of $0.1 million and $0.3 million for the three and six months ended June 30, 2021, respectively, were recorded as a component of “General and administrative” expenses in the Company’s Condensed Consolidated Statements of Operations. Neat Microphones creates, manufactures, and sells high-quality digital USB and analog microphones that embrace cutting-edge technology and design. The fair values of Neat Microphone’s assets and liabilities are provisional and were determined based on preliminary estimates and assumptions that management believes are reasonable. The preliminary purchase price allocation is subject to further refinement and may require significant adjustments to arrive at the final purchase price allocation. These adjustments will primarily relate to certain intangible assets and certain liabilities including contingent consideration. The final determination of the fair value of certain assets and liabilities will be completed as soon as the necessary information is available, including the completion of a valuation of the intangible assets and the contingent consideration, but no later than one year from the acquisition date. The goodwill from the acquisition of Neat Microphones, which is fully deductible for tax purposes, consists largely of synergies and economies of scale expected from adding the operations of Neat Microphones’ and the Company’s existing business and supply channels. The preliminary estimate of fair value of Neat Microphone’s identifiable intangible assets was determined primarily using the “income approach,” which requires a forecast of all expected future cash flows either through the use of the multi-period excess earnings method or the relief-from-royalty method. Some of the more significant assumptions inherent in the development of intangible asset values include: the amount and timing of projected future cash flows, the discount rate selected to measure the risks inherent in the future cash flows, the assessment of the intangible asset’s life cycle, as well as other factors. The following table summarizes key information underlying intangible assets related to the Neat Microphones acquisition: (In thousands) Life Amount Developed technology 7 Years $ 1,100 Customer relationships 2 Years 440 Tradenames 10 Years 380 Total $ 1,920 In addition, the Company recorded $1.9 million fair value of contingent consideration associated with the potential $2.3 million earn-outs as a component of “Other Current Liabilities” within the Condensed Consolidated Balance Sheet.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
Fair Value Measurement	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 4. Fair Value Measurement The Company follows a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for markets that are not active, or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. Financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, debt instruments and certain warrants. As of June 30, 2021 and December 31, 2020 , the Company had not elected the fair value option for any financial assets and liabilities for which such an election would have been permitted . The following is a summary of the carrying amounts and estimated fair values of our financial instruments at June 30, 2021 and December 31, 2020 . June 30, 2021 December 31, 2020 Reported Fair Value Reported Fair Value (in thousands) Financial Assets and Liabilities: Cash and cash equivalents $ 56,197 $ 56,197 $ 46,681 $ 46,681 Contingent consideration liabilities $ 1,928 $ 1,928 $ - $ - Cash equivalents are stated at amortized cost, which approximates fair value as of the consolidated balance sheet dates, due to the short period of time to maturity; and accounts receivable and accounts payable are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment. The Company values contingent consideration related to business combinations using a weighted probability calculation of potential payment scenarios discounted at rates reflective of the risks associated with the expected future cash flows.

Allowance for Sales Returns

Allowance for Sales Returns	6 Months Ended
Allowance for Sales Returns	Jun. 30, 2021
Allowance For Sales Returns [Abstract]
Allowance for Sales Returns	Note The following table provides the changes in our sales return reserve, which is classified as a reduction of accounts receivable: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Balance, beginning of period $ 11,910 $ 6,262 $ 11,233 $ 8,815 Reserve accrual 4,212 4,837 9,977 7,488 Recoveries and deductions, net (9,075 ) (3,491 ) (14,163 ) (8,695 ) Balance, end of period $ 7,047 $ 7,608 $ 7,047 $ 7,608

Composition of Certain Financia

Composition of Certain Financial Statement Items	6 Months Ended
Composition of Certain Financial Statement Items	Jun. 30, 2021
Condensed Consolidated Balance Sheet Components [Abstract]
Composition of Certain Financial Statement Items	Note Inventories Inventories consist of the following: June 30, 2021 December 31, 2020 (in thousands) Finished goods $ 81,235 $ 69,939 Raw materials 696 1,362 Total inventories $ 81,931 $ 71,301 Property and Equipment, net Property and equipment, net, consists of the following: June 30, 2021 December 31, 2020 (in thousands) Machinery and equipment $ 2,295 $ 2,223 Software and software development 2,412 1,629 Furniture and fixtures 1,091 1,123 Tooling 7,419 6,548 Leasehold improvements 1,832 1,833 Demonstration units and convention booths 14,346 14,439 Total property and equipment, gross 29,395 27,795 Less: accumulated depreciation and amortization (22,478 ) (21,220 ) Total property and equipment, net $ 6,917 $ 6,575 Other Current Liabilities Other current liabilities consist of the following: June 30, 2021 December 31, 2020 (in thousands) Accrued royalty 13,586 5,166 Accrued marketing 4,125 5,487 Accrued freight 3,400 3,401 Accrued employee expenses 2,848 7,138 Contingent consideration 1,928 - Accrued customer fees 1,388 1,562 Accrued expenses 5,560 13,368 Total other current liabilities $ 32,835 $ 36,122

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note Acquired Intangible Assets Acquired identifiable intangible assets, and related accumulated amortization, as of June 30, 2021 and December 31, 2020 consist of: June 30, 2021 Gross Carrying Value Accumulated Amortization Net Book Value (in thousands) Customer relationships $ 8,355 $ 5,944 $ 2,411 Tradenames 3,066 577 2,489 Developed technology 1,884 305 1,579 Foreign currency (781 ) (744 ) (37 ) Total Intangible Assets $ 12,524 $ 6,082 $ 6,442 December 31, 2020 Gross Carrying Value Accumulated Amortization Net Book Value (in thousands) Customer relationships $ 7,915 $ 5,584 $ 2,331 Tradenames 2,686 425 2,261 Developed technology 784 177 607 Foreign currency (845 ) (784 ) (61 ) Total Intangible Assets $ 10,540 $ 5,402 $ 5,138 In connection with the October 2012 acquisition of TB Europe, the acquired intangible assets related to customer relationships is being amortized over an estimated useful life of thirteen years with the amortization being included within sales and marketing expense. In May 2019, the Company acquired the business and assets of ROCCAT. The acquired intangible assets of ROCCAT relating to developed technology, customer relationships and trade name are subject to amortization. In January 2021, the Company acquired the business and assets of Neat Microphones. The acquired intangible assets of Neat Microphones related to developed technology, customer relationships and trade name are subject to amortization. Refer to Note 3, “Acquisitions” for additional information related to Neat Microphone’s identifiable intangible assets. Amortization expense related to definite lived intangible assets of $0.3 million and $0.6 million was recognized for the three and six months ended June 30, 2021, and $0.2 million and $0.4 million for the three and six months ended June 30, 2020. As of June 30, 2021, estimated annual amortization expense related to definite lived intangible assets in future periods is as follows: (in thousands) 2021 $ 658 2022 1,283 2023 1,041 2024 1,008 2025 889 Thereafter 1,600 Total $ 6,479 Changes in the carrying values of goodwill for the six months ended June 30, 2021 are as follows: (in thousands) Balance as of January 1, 2021 $ 8,178 Neat Microphones acquisition 2,508 Balance as of June 30, 2021 $ 10,686

Revolving Credit Facility and L

Revolving Credit Facility and Long-Term Debt	6 Months Ended
Revolving Credit Facility and Long-Term Debt	Jun. 30, 2021
Debt Disclosure [Abstract]
Revolving Credit Facility and Long-Term Debt	Note The Company had no outstanding balance related to its revolving credit facility as of June 30, 2021 and December 31, 2020. Total interest expense, inclusive of amortization of deferred financing costs, on long-term debt obligations was $0.1 million and $0.2 million for the three and six months ended June 30, 2021, and $0.1 million and $0.3 million for the three and six months ended June 30, 2020. Amortization of deferred financing costs was $47,000 and $0.1 million for the three and six months ended June 30, 2021 and 2020. Revolving Credit Facility On December 17, 2018, Turtle Beach and certain of its subsidiaries entered into an amended and restated loan, guaranty and security agreement (“Credit Facility”) with Bank of America, N.A. (“Bank of America”), as Agent, Sole Lead Arranger and Sole Bookrunner, which replaced the then existing asset-based revolving loan agreement. The Credit Facility, which expires on March 5, 2024, provides for a line of credit of up to $80 million inclusive of a sub-facility limit of $12 million for TB Europe, a wholly-owned subsidiary of Turtle Beach. In addition, the Credit Facility provides for a $40 million accordion feature and the ability to increase the borrowing base with a FILO Loan of up to $6.8 million. On May 31, 2019, the Company amended the Credit Facility to provide for, amongst other items, (i) the addition of TBC Holding Company LLC, a wholly-owned subsidiary of VTB, as an obligor and (ii) the ability to make investments in TB Germany GmbH, a wholly-owned subsidiary of TB Europe, of up to $4 million in connection with the acquisition of the business of ROCCAT and up to an additional $4 million annually. The maximum credit availability for loans and letters of credit under the Credit Facility is governed by a borrowing base determined by the application of specified percentages to certain eligible assets, primarily eligible trade accounts receivable and inventories, and is subject to discretionary reserves and revaluation adjustments. The Credit Facility may be used for working capital, the issuance of bank guarantees, letters of credit and other corporate purposes. Amounts outstanding under the Credit Facility bear interest at a rate equal to either a rate published by Bank of America or the LIBOR rate, plus in each case, an applicable margin, which is between 0.50% to 1.25% for base rate loans and between 1.25% to 2.00% for U.S. LIBOR loans and U.K. loans, and between 2.00% to 2.75% for the FILO loan. In addition, Turtle Beach is required to pay a commitment fee on the unused revolving loan commitment at a rate ranging from 0.25% to 0.50% and letter of credit fees and agent fees. As of June 30, 2021, interest rates for outstanding borrowings were 3.75% for base rate loans and 3.00% for LIBOR rate loans. As of June 30, 2021, there were no outstanding borrowings under the Credit Facility. The Company is subject to quarterly financial covenant testing if certain availability thresholds are not met or certain other events occur (as defined in the Credit Facility). At such times, the Credit Facility requires the Company and its restricted subsidiaries to maintain a fixed charge coverage ratio of at least 1.00 to 1.00 as of the last day of each fiscal quarter. The Credit Facility also contains affirmative and negative covenants that, subject to certain exceptions, limit our ability to take certain actions, including the Company’s ability to incur debt, pay dividends and repurchase stock, make certain investments and other payments, enter into certain mergers and consolidations, engage in sale leaseback transactions and transactions with affiliates, and encumber and dispose of assets. Obligations under the Credit Facility are secured by a security interest and lien upon substantially all of the Company’s assets. As of June 30, 2021, the Company was in compliance with all financial covenants under the Credit Facility, as amended, and excess borrowing availability was approximately $49.7 million.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note In order to determine the quarterly provision for income taxes, the Company uses an estimated annual effective tax rate (“ETR”), which is based on expected annual income and statutory tax rates in the various jurisdictions. However, to the extent that application of the estimated annual effective tax rate is not representative of the quarterly portion of actual tax expense expected to be recorded for the year, the Company determines the provision for income taxes based on actual year-to-date income (loss). Certain significant or unusual items are separately recognized as discrete items in the period during which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The following table presents the Company’s income tax expense and effective income tax rate: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Income tax expense (benefit) $ (1,286 ) $ 3,286 $ 1,480 $ 1,462 Effective income tax rate (295.6 %) 28.6 % 12.3 % 23.9 % Income tax benefit for the three months ended June 30, 2021 was $1.3 million at an effective tax rate of (295.6%) and income tax expense for the six months ended June 30, 2021was $1.5 million at an effective tax rate of 12.3%. Income tax expense for the three and six months ended June 30, 2020 was $3.3 million at an effective tax rate of 28.6% and $1.5 million at an effective tax rate of 23.9%, respectively. The effective tax rate for the three and six months ended June 30, 2021 was primarily impacted by discrete windfall tax benefits of $(1.8) The Company is subject to income taxes domestically and in various foreign jurisdictions. Significant judgment is required in evaluating uncertain tax positions and determining the provision for income taxes. The Company recognizes only those tax positions that meet the more-likely-than-not recognition threshold and establishes tax reserves for uncertain tax positions that do not meet this threshold. Interest and penalties associated with income tax matters are included in the provision for income taxes in the condensed consolidated statements of operations. As of June 30, 2021, the Company had uncertain tax positions of $3.3 million, inclusive of $0.8 million of interest and penalties. The Company files U.S., state and foreign income tax returns in jurisdictions with various statutes of limitations. The federal tax years open under the statute of limitations are 2017 through 2019, and the state tax years open under the statute of limitations are 2016 through 2019. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in March 2020. The CARES Act includes several U.S. income tax provisions related to, among other things, net operating loss carrybacks, alternative minimum tax credits, modifications to the net interest deduction limitations, and technical amendments regarding the income tax depreciation of qualified improvement property placed in service after December 31, 2017. The CARES Act is not expected to have a material impact on the Company’s financial results.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note Total estimated stock-based compensation expense for employees and non-employees, related to all of the Company’s stock-based awards, was as follows: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Cost of revenue $ 90 $ 280 $ 487 $ 338 Selling and marketing 446 279 777 478 Research and development 348 171 597 296 General and administrative 1,057 676 1,866 1,293 Total stock-based compensation $ 1,941 $ 1,406 $ 3,727 $ 2,405 The following table presents the stock activity and the total number of shares available for grant as of June 30, 2021: (in thousands) Balance at December 31, 2020 501 Plan Amendment 975 Options granted (12 ) Options cancelled 8 Restricted stock granted (362 ) Forfeited/Expired restricted stock added back 3 Performance-Based restricted stock granted (134 ) Balance at June 30, 2021 979 Stock Option Activity Options Outstanding Number of Shares Underlying Outstanding Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value (in years) Outstanding at December 31, 2020 2,383,427 $ 7.85 $ 7.78 $ 33,064,942 Options Granted 11,550 27.20 Options Exercised (376,040 ) 8.68 Options Forfeited (8,380 ) 11.64 Outstanding at June 30, 2021 2,010,557 $ 7.80 7.54 $ 48,396,166 Vested and expected to vest at June 30, 2021 1,964,509 $ 7.82 7.51 $ 47,376,677 Exercisable at June 30, 2021 1,004,264 $ 6.84 6.77 $ 25,212,628 Stock options are time-based and the majority are exercisable within 10 years of the date of grant, but only to the extent they have vested. The options generally vest as specified in the option agreements subject to acceleration in certain circumstances. In the event participants in the plan cease to be employed or engaged by the Company, all vested options would be forfeited if they are not exercised within 90 days. Forfeitures on option grants are estimated at 10% for non-executives and 0% for executives based on evaluation of historical and expected future turnover. Stock-based compensation expense was recorded net of estimated forfeitures, such that expense was recorded only for those stock-based awards expected to vest. The Company reviews this assumption periodically and will adjust it if it is not representative of future forfeiture data and trends within employee types (executive vs. non-executive). Aggregate intrinsic value represents the difference between the estimated fair value of the underlying common stock and the exercise price of outstanding, in-the-money options. The aggregate intrinsic value of options exercised was $8.6 million for the six months ended June 30, 2021. The Company uses the Black-Scholes option-pricing model to estimate the fair value of options granted as of the grant date. The following are the assumptions for options granted during the six months ended June 30, 2021: Expected term (in years) 6.1 Risk-free interest rate 0.5%- 1.1% Expected volatility 59.6%- 59.8% Dividend rate 0% Each of these inputs is subjective and generally requires significant judgment to determine. The weighted average grant date fair value of options granted during the six months ended June 30, 2021 was $14.89. The total estimated fair value of employee options vested during the six months ended June 30, 2021 was $1.6 million. As of June 30, 2021, total unrecognized compensation cost related to non-vested stock options granted to employees was $3.9 million, which is expected to be recognized over a remaining weight average vesting period of 2.3 years. Restricted Stock Activity Shares Weighted Average Grant Date Fair Value Per Share Nonvested restricted stock at December 31, 2020 677,590 $ 9.71 Granted 362,195 26.01 Vested (228,161 ) 11.16 Shares forfeited (3,234 ) 11.87 Nonvested restricted stock at June 30, 2021 808,390 $ 16.59 As of June 30, 2021, total unrecognized compensation costs related to the nonvested restricted stock awards was $12.4 million, which will be recognized over a remaining weighted average vesting period of 2.8 years. Performance-Based Restricted Share Units As of June 30, 2021, the Company had 134,000 performance-based restricted share units outstanding. The vesting of performance-based restricted share units is determined over a three-year

Stockholder's Equity

Stockholder's Equity	6 Months Ended
Stockholder's Equity	Jun. 30, 2021
Equity [Abstract]
Stockholder's Equity	Note 11. Stockholder’s Equity At-the-Market Common Stock Issuance On August 7, 2020, the Company entered into an ATM Equity Offering Sales Agreement (the “Sales Agreement”) with BofA Securities, Inc. (the “Sales Agent”). Pursuant to the terms of the Sales Agreement, the Company may sell from time to time through the Sales Agent shares of the Company’s common stock, par value $0.001 per share, having an aggregate offering price of up to $30 million. The Company intends to use the net proceeds from the offering, after deducting the Sales Agent’s commissions and the Company’s offering expenses, to support its strategic growth plans, as well as for general corporate purposes. During the year ended December 31, 2020, the Company sold a total of 237,813 shares of its common stock under the Sales Agreement in the open market at an average gross selling price of $18.39 per share for net proceeds of $4.4 million. During the six months ended June 30, 2021, the Company had no sales of its common stock under the Sales Agreement.

Net Income Per Share

Net Income Per Share	6 Months Ended
Net Income Per Share	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income Per Share	Note The following table sets forth the computation of basic and diluted net income per share of common stock attributable to common stockholders: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands, except per-share data) Net income $ 1,721 $ 8,204 $ 10,559 $ 4,649 Weighted average common shares outstanding — Basic 15,920 14,581 15,737 14,538 Plus incremental shares from assumed conversions: Dilutive effect of restricted stock 421 173 469 86 Dilutive effect of stock options 1,438 926 1,448 463 Dilutive effect of warrants 550 550 550 275 Weighted average common shares outstanding — Diluted 18,329 16,229 18,204 15,363 Net income per share: Basic $ 0.11 $ 0.56 $ 0.67 $ 0.32 Diluted $ 0.09 $ 0.51 $ 0.58 $ 0.30 Incremental shares from stock options and restricted stock awards are computed using the treasury stock method. The weighted average shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or were otherwise excluded under the treasury stock method. The treasury stock method calculates dilution assuming the exercise of all in-the-money options and vesting of restricted stock, reduced by the repurchase of shares with the proceeds from the assumed exercises and unrecognized compensation expense for outstanding awards. Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Stock options 77 771 769 804 Warrants — — — — Unvested restricted stock awards 8 280 283 101 Total 85 1,051 1,052 905

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	Note The following table represents total net revenues based on where customers are physically located: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) North America $ 43,205 $ 55,162 $ 106,982 $ 82,182 United Kingdom 7,842 11,561 21,260 13,008 Europe 19,742 10,031 32,451 14,581 Other 7,775 2,926 10,924 4,916 Total net revenues $ 78,564 $ 79,680 $ 171,617 $ 114,687

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note Litigation The Company is subject to various legal proceedings and claims that arise in the ordinary course of its business. Although the amount of any liability that could arise with respect to these actions cannot be determined with certainty, in the Company’s opinion, any such liability will not have a material adverse effect on its consolidated financial position, consolidated results of operations or liquidity. Shareholders Class Action : On August 5, 2013, VTBH and the Company (f/k/a Parametric Sound Corporation) announced that they had entered into the Merger Agreement pursuant to which VTBH would acquire an approximately 80% ownership interest and existing shareholders would maintain an approximately 20% ownership interest in the combined company (the “Merger”). Following the announcement, several shareholders filed class action lawsuits in California and Nevada seeking to enjoin the Merger. The plaintiffs in each case alleged that members of the Company’s Board of Directors breached their fiduciary duties to the shareholders by agreeing to a merger that allegedly undervalued the Company. VTBH and the Company were named as defendants in these lawsuits under the theory that they had aided and abetted the Company’s Board of Directors in allegedly violating their fiduciary duties. The plaintiffs in both cases sought a preliminary injunction seeking to enjoin closing of the Merger, which, by agreement, was heard by the Nevada court with the California plaintiffs invited to participate. On December 26, 2013, the court in the Nevada case denied the plaintiffs’ motion for a preliminary injunction. Following the closing of the Merger, the Nevada plaintiffs filed a second amended complaint, which made essentially the same allegations and sought monetary damages as well as an order rescinding the Merger. The California plaintiffs dismissed their action without prejudice, and sought to intervene in the Nevada action, which was granted. Subsequent to the intervention, the plaintiffs filed a third amended complaint, which made essentially the same allegations as prior complaints and sought monetary damages. On June 20, 2014, VTBH and the Company moved to dismiss the action, but that motion was denied on August 28, 2014. On September 14, 2017, a unanimous en banc panel of the Nevada Supreme Court granted defendants’ petition for writ of mandamus and ordered the trial court to dismiss the complaint but provided a limited basis upon which plaintiffs could seek to amend their complaint. Plaintiffs amended their complaint on December 1, 2017 to assert the same claims in a derivative capacity on behalf of the Company, as a well as in a direct capacity, against VTBH, Stripes Group, LLC, SG VTB Holdings, LLC, and the former members of the Company’s Board of Directors. All defendants moved to dismiss this amended complaint on January 2, 2018, and those motions were denied on March 13, 2018. Defendants petitioned the Nevada Supreme Court to reverse this ruling on April 18, 2018. On June 15, 2018, the Nevada Supreme Court denied defendants’ writ petition without prejudice. The district court subsequently entered a pretrial schedule and set trial for November 2019. On January 18, 2019, the district court certified a class of shareholders of the Company as of January 15, 2014. On October 11, 2019, the parties notified the district court that they had reached a settlement that would resolve the pending action if ultimately approved by the Court. On January 13, 2020, the district court preliminarily approved the settlement between the plaintiffs and all defendants. A final hearing was held on May 18, 2020, wherein the Court approved the settlement and entered final judgment. On May 22, 2020, PAMTP LLC, which purports to hold the claims of eight shareholders who opted out of the class settlement described above, brought suit against the Company, the Company’s CEO, Juergen Stark, Stripes Group, LLC, SG VTB Holdings, LLC, Kenneth Fox, and former members of the Company’s Board of Directors in Nevada state court. This opt-out action asserts the same direct claims that were asserted by the class of shareholders described above. The defendants filed two motions to dismiss this complaint, which were heard on August 10, 2020. The Court denied those motions by order of August 20, 2020. Discovery is ongoing and the case is scheduled for trial in August 2021. Commercial Dispute : On July 20, 2016, BigBen Interactive S.A. (“BigBen”) filed a statement of claim against VTB before the Regional Court of Berlin, Germany. The statement of claim alleged that VTB’s termination of a distribution agreement by and between BigBen and VTB breached the terms thereof and was invalid, and that BigBen was entitled to damages as a result. On September 30, 2020, the Company and BigBen mutually agreed to resolve this claim. Employment Litigation: On April 20, 2017, a former employee filed an action in the Superior Court for the County of San Diego, State of California. The complaint alleges claims including wrongful termination, retaliation and various other provisions of the California Labor Code. The complaint seeks unspecified economic and non-economic losses, as well as allegedly unpaid wages, unreimbursed business expenses statutory penalties, interest, punitive damages and attorneys’ fees. The Company filed a cross-complaint against the former employee on May 25, 2017 for certain activities related to his employment with the Company. Discovery is closed and the case was set for trial on July 9, 2021 in San Diego County Superior Court. Due to continued Court delays with civil jury trials, the trial date was vacated and the current trial date is September 24, 2021. Settlement of Disputes : On May 5, 2020, Jöllenbeck GmbH and First Wise Media GmbH, two of our distributors and affiliates of the sellers of the ROCCAT business, filed for insolvency in Germany. On June 30, 2020, the Company entered into a Settlement Agreement with those companies and the sellers of the ROCCAT business pursuant to which, among other things, the Company received a payment for certain outstanding claims and accounts receivable. On July 1, 2020, the insolvency proceedings for the two companies formally commenced. The Company has filed a claim in those proceedings for approximately €130,000 with respect to the remaining outstanding accounts receivable. Intellectual Property dispute: On November 24, 2020, ABP Technology Limited (ABP) issued a claim for trade mark infringement in the High Court of England and Wales against Voyetra Turtle Beach, Inc. (“VTB”) and Turtle Beach Europe Limited (“TBEU”) relating to the use by VTB and TBEU of the sign STEALTH on and in relation to gaming headsets in the UK. VTB and TBEU filed and served a Defense to the claim on February 2, 2021. On March 31, 2021, ABP filed an application for summary judgement. If the application is unsuccessful, the next stage in the proceedings will be a Case Management Conference (date to be set) at which the Court will give directions for each stage to trial. The trial is expected to be set for late-2022. The Company will continue to vigorously defend itself in the foregoing matters. However, litigation and investigations are inherently uncertain. Accordingly, the Company cannot predict the outcome of these matters. The Company has not recorded any accrual at June 30, 2021 for contingent losses associated with these matters based on its belief that losses, while possible, are not probable. Further, any possible range of loss cannot be reasonably estimated at this time. The unfavorable resolution of these matters could have a material adverse effect on the Company’s business, results of operations, financial condition, or cash flows. The Company is engaged in other legal actions, not described above, arising in the ordinary course of its business and, while there can be no assurance, believes that the ultimate outcome of these other legal actions will not have a material adverse effect on its business, results of operations, financial condition, or cash flows. Warranties The Company warrants its products against certain manufacturing and other defects. These product warranties are provided for specific periods of time depending on the nature of the product. Warranties are generally fulfilled by replacing defective products with new products. The following table provides the changes in our product warranty reserve, which are included in accrued liabilities: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Warranty, beginning of period $ 1,118 $ 712 $ 1,039 $ 743 Warranty costs accrued 119 412 453 558 Settlements of warranty claims (215 ) (311 ) (470 ) (488 ) Warranty, end of period $ 1,022 $ 813 $ 1,022 $ 813 Operating Leases - Right of Use Assets The Company adopted ASU 2016-02, Leases The components of the right-of-use assets and lease liabilities were as follows: Balance Sheet Classification June 30, 2021 (in thousands) Right-of-use assets Other assets $ 5,331 Lease liability obligations, current Other current liabilities $ 747 Lease liability obligations, noncurrent Other liabilities 4,861 Total lease liability obligations $ 5,608 Weighted-average remaining lease term (in years) 5.0 Weighted-average discount rate 3.75 % During the six months ended June 30, 2021, the Company recognized approximately $0.7 million of lease costs in operating expenses and approximately $0.6 million of operating cash flows from operating leases. Approximate future minimum lease payments for the Company’s right of use assets over the remaining lease periods as of June 30, 2021, are as follows: (in thousands) 2021 $ 558 2022 851 2023 732 2024 741 2025 711 Thereafter 2,968 Total minimum payments 6,561 Less: Imputed interest (953 ) Total $ 5,608

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, reflect all adjustments (which include normal recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), have been condensed or omitted pursuant to those rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not misleading. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire fiscal year. The December 31, 2020 Condensed Consolidated Balance Sheet has been derived from the Company’s audited financial statements included in its Annual Report on Form 10-K filed with the SEC on March 4, 2021 (“Annual Report”). These financial statements should be read in conjunction with the annual financial statements and the notes thereto included in the Annual Report that contains information useful to understanding the Company's businesses and financial statement presentations.
Use of Estimates	Use of estimates : The preparation of accompanying unaudited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates may change, as new events occur and additional information is obtained, and will be recognized in the consolidated financial statements in the period in which such changes occur. Future actual results could differ materially from these estimates. The novel coronavirus (“COVID-19”) pandemic has disrupted worldwide economic markets and the extent to which COVID-19 continues to affect the Company’s business, results of operations and financial condition will depend on future developments, which are highly uncertain and difficult to predict. We continue to actively monitor and assess the impact of the pandemic on our business, operations, and financial condition.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	Jun. 30, 2021
Business Combinations [Abstract]
Summary of Underlying Intangible Assets Related to Neat Microphones	The following table summarizes key information underlying intangible assets related to the Neat Microphones acquisition: (In thousands) Life Amount Developed technology 7 Years $ 1,100 Customer relationships 2 Years 440 Tradenames 10 Years 380 Total $ 1,920 In addition, the Company recorded $1.9 million fair value of contingent consideration associated with the potential $2.3 million earn-outs as a component of “Other Current Liabilities” within the Condensed Consolidated Balance Sheet.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
Fair Value Measurement (Tables)	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments	The following is a summary of the carrying amounts and estimated fair values of our financial instruments at June 30, 2021 and December 31, 2020 June 30, 2021 December 31, 2020 Reported Fair Value Reported Fair Value (in thousands) Financial Assets and Liabilities: Cash and cash equivalents $ 56,197 $ 56,197 $ 46,681 $ 46,681 Contingent consideration liabilities $ 1,928 $ 1,928 $ - $ -

Allowance for Sales Returns (Ta

Allowance for Sales Returns (Tables)	6 Months Ended
Allowance for Sales Returns (Tables)	Jun. 30, 2021
Allowance For Sales Returns [Abstract]
Schedule of Allowances for Sales Returns	The following table provides the changes in our sales return reserve, which is classified as a reduction of accounts receivable: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Balance, beginning of period $ 11,910 $ 6,262 $ 11,233 $ 8,815 Reserve accrual 4,212 4,837 9,977 7,488 Recoveries and deductions, net (9,075 ) (3,491 ) (14,163 ) (8,695 ) Balance, end of period $ 7,047 $ 7,608 $ 7,047 $ 7,608

Composition of Certain Financ_2

Composition of Certain Financial Statement Items (Tables)	6 Months Ended
Composition of Certain Financial Statement Items (Tables)	Jun. 30, 2021
Condensed Consolidated Balance Sheet Components [Abstract]
Schedule of Inventory	Inventories consist of the following: June 30, 2021 December 31, 2020 (in thousands) Finished goods $ 81,235 $ 69,939 Raw materials 696 1,362 Total inventories $ 81,931 $ 71,301
Schedule of Property and Equipment	Property and equipment, net, consists of the following: June 30, 2021 December 31, 2020 (in thousands) Machinery and equipment $ 2,295 $ 2,223 Software and software development 2,412 1,629 Furniture and fixtures 1,091 1,123 Tooling 7,419 6,548 Leasehold improvements 1,832 1,833 Demonstration units and convention booths 14,346 14,439 Total property and equipment, gross 29,395 27,795 Less: accumulated depreciation and amortization (22,478 ) (21,220 ) Total property and equipment, net $ 6,917 $ 6,575
Other Current Liabilities	Other current liabilities consist of the following: June 30, 2021 December 31, 2020 (in thousands) Accrued royalty 13,586 5,166 Accrued marketing 4,125 5,487 Accrued freight 3,400 3,401 Accrued employee expenses 2,848 7,138 Contingent consideration 1,928 - Accrued customer fees 1,388 1,562 Accrued expenses 5,560 13,368 Total other current liabilities $ 32,835 $ 36,122

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Acquired identifiable intangible assets, and related accumulated amortization, as of June 30, 2021 and December 31, 2020 consist of: June 30, 2021 Gross Carrying Value Accumulated Amortization Net Book Value (in thousands) Customer relationships $ 8,355 $ 5,944 $ 2,411 Tradenames 3,066 577 2,489 Developed technology 1,884 305 1,579 Foreign currency (781 ) (744 ) (37 ) Total Intangible Assets $ 12,524 $ 6,082 $ 6,442 December 31, 2020 Gross Carrying Value Accumulated Amortization Net Book Value (in thousands) Customer relationships $ 7,915 $ 5,584 $ 2,331 Tradenames 2,686 425 2,261 Developed technology 784 177 607 Foreign currency (845 ) (784 ) (61 ) Total Intangible Assets $ 10,540 $ 5,402 $ 5,138
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of June 30, 2021, estimated annual amortization expense related to definite lived intangible assets in future periods is as follows: (in thousands) 2021 $ 658 2022 1,283 2023 1,041 2024 1,008 2025 889 Thereafter 1,600 Total $ 6,479
Schedule of Changes in Carrying Values of Goodwill	Changes in the carrying values of goodwill for the six months ended June 30, 2021 are as follows: (in thousands) Balance as of January 1, 2021 $ 8,178 Neat Microphones acquisition 2,508 Balance as of June 30, 2021 $ 10,686

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Summary of Income Tax Expense and Effective Income Tax Rate	The following table presents the Company’s income tax expense and effective income tax rate: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Income tax expense (benefit) $ (1,286 ) $ 3,286 $ 1,480 $ 1,462 Effective income tax rate (295.6 %) 28.6 % 12.3 % 23.9 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	Total estimated stock-based compensation expense for employees and non-employees, related to all of the Company’s stock-based awards, was as follows: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Cost of revenue $ 90 $ 280 $ 487 $ 338 Selling and marketing 446 279 777 478 Research and development 348 171 597 296 General and administrative 1,057 676 1,866 1,293 Total stock-based compensation $ 1,941 $ 1,406 $ 3,727 $ 2,405
Stock Activity and Total Number of Shares Available for Grant	The following table presents the stock activity and the total number of shares available for grant as of June 30, 2021: (in thousands) Balance at December 31, 2020 501 Plan Amendment 975 Options granted (12 ) Options cancelled 8 Restricted stock granted (362 ) Forfeited/Expired restricted stock added back 3 Performance-Based restricted stock granted (134 ) Balance at June 30, 2021 979
Stock Option Activity	Options Outstanding Number of Shares Underlying Outstanding Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value (in years) Outstanding at December 31, 2020 2,383,427 $ 7.85 $ 7.78 $ 33,064,942 Options Granted 11,550 27.20 Options Exercised (376,040 ) 8.68 Options Forfeited (8,380 ) 11.64 Outstanding at June 30, 2021 2,010,557 $ 7.80 7.54 $ 48,396,166 Vested and expected to vest at June 30, 2021 1,964,509 $ 7.82 7.51 $ 47,376,677 Exercisable at June 30, 2021 1,004,264 $ 6.84 6.77 $ 25,212,628
Schedule of Weighted-Average Assumptions	The following are the assumptions for options granted during the six months ended June 30, 2021 Expected term (in years) 6.1 Risk-free interest rate 0.5%- 1.1% Expected volatility 59.6%- 59.8% Dividend rate 0%
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Activity	Shares Weighted Average Grant Date Fair Value Per Share Nonvested restricted stock at December 31, 2020 677,590 $ 9.71 Granted 362,195 26.01 Vested (228,161 ) 11.16 Shares forfeited (3,234 ) 11.87 Nonvested restricted stock at June 30, 2021 808,390 $ 16.59

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
Net Income Per Share (Tables)	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income per Share of Common Stock	The following table sets forth the computation of basic and diluted net income per share of common stock attributable to common stockholders: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands, except per-share data) Net income $ 1,721 $ 8,204 $ 10,559 $ 4,649 Weighted average common shares outstanding — Basic 15,920 14,581 15,737 14,538 Plus incremental shares from assumed conversions: Dilutive effect of restricted stock 421 173 469 86 Dilutive effect of stock options 1,438 926 1,448 463 Dilutive effect of warrants 550 550 550 275 Weighted average common shares outstanding — Diluted 18,329 16,229 18,204 15,363 Net income per share: Basic $ 0.11 $ 0.56 $ 0.67 $ 0.32 Diluted $ 0.09 $ 0.51 $ 0.58 $ 0.30
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income per Share of Common Stock	Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Stock options 77 771 769 804 Warrants — — — — Unvested restricted stock awards 8 280 283 101 Total 85 1,051 1,052 905

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Total Net Revenues	The following table represents total net revenues based on where customers are physically located: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) North America $ 43,205 $ 55,162 $ 106,982 $ 82,182 United Kingdom 7,842 11,561 21,260 13,008 Europe 19,742 10,031 32,451 14,581 Other 7,775 2,926 10,924 4,916 Total net revenues $ 78,564 $ 79,680 $ 171,617 $ 114,687

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
Commitment and Contingencies (Tables)	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	The following table provides the changes in our product warranty reserve, which are included in accrued liabilities: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (in thousands) Warranty, beginning of period $ 1,118 $ 712 $ 1,039 $ 743 Warranty costs accrued 119 412 453 558 Settlements of warranty claims (215 ) (311 ) (470 ) (488 ) Warranty, end of period $ 1,022 $ 813 $ 1,022 $ 813
Components of the Right-of-Use Assets and Lease Liabilities	The components of the right-of-use assets and lease liabilities were as follows: Balance Sheet Classification June 30, 2021 (in thousands) Right-of-use assets Other assets $ 5,331 Lease liability obligations, current Other current liabilities $ 747 Lease liability obligations, noncurrent Other liabilities 4,861 Total lease liability obligations $ 5,608 Weighted-average remaining lease term (in years) 5.0 Weighted-average discount rate 3.75 %
Schedule of Future Minimum Rental Payments for Operating Leases	Approximate future minimum lease payments for the Company’s right of use assets over the remaining lease periods as of June 30, 2021, are as follows: (in thousands) 2021 $ 558 2022 851 2023 732 2024 741 2025 711 Thereafter 2,968 Total minimum payments 6,561 Less: Imputed interest (953 ) Total $ 5,608

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - Neat Microphones - USD ($) $ in Millions	Jan. 12, 2021	Jun. 30, 2021	Jun. 30, 2021
Business Acquisition [Line Items]
Net of cash	$ 2.5
Fair value of contingent consideration		$ 1.9	$ 1.9
General and Administrative Expenses
Business Acquisition [Line Items]
Acquisition costs		$ 0.1	$ 0.3
Maximum
Business Acquisition [Line Items]
Potential earn outs payments	$ 2.3

Acquisitions - Summary of Under

Acquisitions - Summary of Underlying Intangible Assets Related to Neat Microphones (Details) - Neat Microphones $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 1,920
Developed Technology
Business Acquisition [Line Items]
Intangible assets useful life	7 years
Intangible assets	$ 1,100
Customer Relationships
Business Acquisition [Line Items]
Intangible assets useful life	2 years
Intangible assets	$ 440
Trade Names
Business Acquisition [Line Items]
Intangible assets useful life	10 years
Intangible assets	$ 380

Fair Value Measurement - Summar

Fair Value Measurement - Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value disclosure	$ 56,197	$ 46,681
Contingent consideration liabilities	1,928
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value disclosure	56,197	$ 46,681
Contingent consideration liabilities	$ 1,928

Allowance for Sales Returns - S

Allowance for Sales Returns - Schedule of Allowances for Sales Returns (Details) - Sales Returns and Allowances - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance, beginning of period	$ 11,910	$ 6,262	$ 11,233	$ 8,815
Reserve accrual	4,212	4,837	9,977	7,488
Recoveries and deductions, net	(9,075)	(3,491)	(14,163)	(8,695)
Balance, end of period	$ 7,047	$ 7,608	$ 7,047	$ 7,608

Composition of Certain Financ_3

Composition of Certain Financial Statement Items - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Condensed Consolidated Balance Sheet Components [Abstract]
Finished goods	$ 81,235	$ 69,939
Raw materials	696	1,362
Total inventories	$ 81,931	$ 71,301

Composition of Certain Financ_4

Composition of Certain Financial Statement Items - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 29,395	$ 27,795
Less: accumulated depreciation and amortization	(22,478)	(21,220)
Total property and equipment, net	6,917	6,575
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	2,295	2,223
Software and software development
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	2,412	1,629
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	1,091	1,123
Tooling
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	7,419	6,548
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	1,832	1,833
Demonstration units and convention booths
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 14,346	$ 14,439

Composition of Certain Financ_5

Composition of Certain Financial Statement Items - Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Condensed Consolidated Balance Sheet Components [Abstract]
Accrued royalty	$ 13,586	$ 5,166
Accrued marketing	4,125	5,487
Accrued freight	3,400	3,401
Accrued employee expenses	2,848	7,138
Contingent consideration	1,928
Accrued customer fees	1,388	1,562
Accrued expenses	5,560	13,368
Total other current liabilities	$ 32,835	$ 36,122

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite-lived Intangible Assets [Roll Forward]
Total intangible assets, gross carrying value	$ 12,524	$ 10,540
Finite-lived intangible assets, accumulated amortization	6,082	5,402
Total intangible assets, net book value	6,442	5,138
Total	6,479
Finite-lived intangible assets, gross carrying value	(781)	(845)
Finite-lived intangible assets, accumulated amortization	(744)	(784)
Total	(37)	(61)
Customer Relationships
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, gross carrying value	8,355	7,915
Finite-lived intangible assets, accumulated amortization	5,944	5,584
Total	2,411	2,331
Trade Names
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, gross carrying value	3,066	2,686
Finite-lived intangible assets, accumulated amortization	577	425
Total	2,489	2,261
Developed Technology
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, gross carrying value	1,884	784
Finite-lived intangible assets, accumulated amortization	305	177
Total	$ 1,579	$ 607

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Oct. 31, 2012	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets		$ 300	$ 200	$ 625	$ 443
Acquisition of Lygo International Limited \| Customer Relationships
Finite Lived Intangible Assets [Line Items]
Useful life	13 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2021USD ($)
Finite Lived Intangible Assets Future Amortization Expense Current And Five Succeeding Fiscal Years [Abstract]
2021	$ 658
2022	1,283
2023	1,041
2024	1,008
2025	889
Thereafter	1,600
Total	$ 6,479

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Values of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Balance as of January 1, 2021	$ 8,178
Neat Microphones acquisition	2,508
Balance as of June 30, 2021	$ 10,686

Revolving Credit Facility and_2

Revolving Credit Facility and Long-Term Debt - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2018	Dec. 31, 2020	May 31, 2019
Debt Instrument [Line Items]
Interest expense, debt	$ 100,000	$ 100,000	$ 200,000	$ 300,000
Amortization of debt financing costs	47,000	$ 47,000	95,000	$ 94,000
Revolving Credit Facility, Maturing March 2024
Debt Instrument [Line Items]
Expiration date					Mar. 5, 2024
Maximum borrowing capacity					$ 80,000,000
Line of credit facility, capacity available for trade purchases					6,800,000
Line of credit facility, capacity available for specific purpose other than for trade purchases					40,000,000
Outstanding borrowings	$ 0		$ 0
Debt instrument, covenant, current fixed charge ratio required, minimum	1.00%		1.00%
Remaining borrowing capacity	$ 49,700,000		$ 49,700,000
Revolving Credit Facility, Maturing March 2024 \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			3.75%
Revolving Credit Facility, Maturing March 2024 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate			3.00%
Revolving Credit Facility, Maturing March 2024 \| Minimum
Debt Instrument [Line Items]
Unused commitment fee, percent			0.25%
Revolving Credit Facility, Maturing March 2024 \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Revolving Credit Facility, Maturing March 2024 \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate			1.25%
Revolving Credit Facility, Maturing March 2024 \| Minimum \| Adjustable Rate Loans
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%
Revolving Credit Facility, Maturing March 2024 \| Maximum
Debt Instrument [Line Items]
Unused commitment fee, percent			0.50%
Revolving Credit Facility, Maturing March 2024 \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			1.25%
Revolving Credit Facility, Maturing March 2024 \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%
Revolving Credit Facility, Maturing March 2024 \| Maximum \| Adjustable Rate Loans
Debt Instrument [Line Items]
Basis spread on variable rate			2.75%
Revolving Credit Facility, Maturing March 2024 \| UK Borrower
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 12,000,000
Revolving Credit Facility, Maturing March 2024 \| TB Germany GmbH \| Maximum \| ROCCAT
Debt Instrument [Line Items]
Line of credit to make investments							$ 4,000,000
Line of credit to make additional investments							$ 4,000,000
Revolving credit facilities
Debt Instrument [Line Items]
Long Term Debt	$ 0		$ 0			$ 0

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Expense and Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,286)	$ 3,286	$ 1,480	$ 1,462
Effective income tax rate	(295.60%)	28.60%	12.30%	23.90%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,286)	$ 3,286	$ 1,480	$ 1,462
Effective income tax rate	(295.60%)	28.60%	12.30%	23.90%
Income tax expense (benefit) attributable to stock option exercises and restricted stock vestings	$ (1,800)		$ (1,800)
Unrecognized tax benefits inclusive of interest and penalties	3,300		3,300
Interest and penalties	$ 800		$ 800

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 1,941	$ 1,406	$ 3,727	$ 2,405
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	90	280	487	338
Selling and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	446	279	777	478
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	348	171	597	296
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 1,057	$ 676	$ 1,866	$ 1,293

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Activity and Total Number of Shares Available for Grant (Details)	6 Months Ended
	Jun. 30, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Shares Available for Grant [Roll Forward]
Balance, beginning of period	501,000
Plan Amendment	975,000
Options granted	(11,550)
Options cancelled	8,380
Forfeited/Expired restricted stock added back	3,000
Balance, end of period	979,000
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award, Options, Shares Available for Grant [Roll Forward]
Stock granted	(362,195)
Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Shares Available for Grant [Roll Forward]
Stock granted	(134,000)

Stock-Based Compensation - St_3

Stock-Based Compensation - Stock Option Activity (Details)	6 Months Ended	12 Months Ended
Stock-Based Compensation - Stock Option Activity (Details)	Jun. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding beginning of period (in shares) \| shares	2,383,427
Options 'Granted (in shares) \| shares	11,550
Options 'Exercised (in shares) \| shares	(376,040)
Options Forfeited (in shares) \| shares	(8,380)
Outstanding end of period (in shares) \| shares	2,010,557	2,383,427
Vested and expected to vest (in shares) \| shares	1,964,509
Exercisable (in shares) \| shares	1,004,264
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding beginning of period (in dollars per share) \| $ / shares	$ 7.85
Options 'Granted (in dollars per share) \| $ / shares	27.20
Options 'Exercised (in dollars per share) \| $ / shares	8.68
Options Forfeited (in dollars per share) \| $ / shares	11.64
Outstanding end of period (in dollars per share) \| $ / shares	7.80	$ 7.85
Vested and expected to vest (in dollars per share) \| $ / shares	7.82
Exercisable (in dollars per share) \| $ / shares	$ 6.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted average remaining contractual term	7 years 6 months 14 days	7 years 9 months 10 days
Vested and expected to vest, weighted average remaining contractual term	7 years 6 months 3 days
Exercisable, weighted average remaining contractual term	6 years 9 months 7 days
Outstanding, intrinsic value \| $	$ 48,396,166	$ 33,064,942
Vested and expected to vest, intrinsic value \| $	47,376,677
Exercisable, intrinsic value \| $	$ 25,212,628

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeiture period after ending employment	90 days
Options exercised, intrinsic value	$ 8.6
Weighted average grant date fair value of options granted (in dollars per share)	$ 14.89
Estimated grant date fair value of options vested	$ 1.6
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period	10 years
Total unrecognized compensation cost	$ 3.9
Compensation cost not yet recognized, period for recognition	2 years 3 months 18 days
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 12.4
Compensation cost not yet recognized, period for recognition	2 years 9 months 18 days
Outstanding balance	808,390	677,590
Performance-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding balance	134,000
Vesting period	3 years
Performance-Based Restricted Stock \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjusted EBITDA percentage	0.00%
Performance-Based Restricted Stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjusted EBITDA percentage	200.00%
Non-Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeiture rate	10.00%
Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeiture rate	0.00%

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Weighted-Average Assumptions (Details)	6 Months Ended
	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum	0.50%
Risk-free interest rate, maximum	1.10%
Expected volatility, minimum	59.60%
Expected volatility, maximum	59.80%
Dividend rate	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 1 month 6 days

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) - Restricted stock awards	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding beginning of period (in shares) \| shares	677,590
Granted (in shares) \| shares	362,195
Vested (in shares) \| shares	(228,161)
Forfeited (in shares) \| shares	(3,234)
Outstanding end of period (in shares) \| shares	808,390
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding beginning of period (in dollars per share) \| $ / shares	$ 9.71
Granted (in dollars per share) \| $ / shares	26.01
Vested (in dollars per share) \| $ / shares	11.16
Forfeited (in dollars per share) \| $ / shares	11.87
Outstanding end of period (in dollars per share) \| $ / shares	$ 16.59

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 07, 2020	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock par value (in dollars per share)		$ 0.001	$ 0.001
ATM Equity Offering Sales Agreement
Class of Stock [Line Items]
Stock issued during period, shares		0	237,813
Shares issued, price per share			$ 18.39
Net proceeds from issuance of common stock			$ 4.4
ATM Equity Offering Sales Agreement \| BofA Securities, Inc.
Class of Stock [Line Items]
Common stock par value (in dollars per share)	$ 0.001
ATM Equity Offering Sales Agreement \| BofA Securities, Inc. \| Maximum
Class of Stock [Line Items]
Aggregate offering price of common stock	$ 30

Net Income Per Share - Schedule

Net Income Per Share - Schedule of Computation of Basic and Diluted Net Income per Share of Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic and diluted:
Net income	$ 1,721	$ 8,838	$ 8,204	$ (3,555)	$ 10,559	$ 4,649
Basic:
Weighted-average common shares outstanding, basic (in shares)	15,920		14,581		15,737	14,538
Incremental Common Shares Attributable to Dilutive Effect of Restricted Stock Awards	421		173		469	86
Dilutive effect of stock options	1,438		926		1,448	463
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	550		550		550	275
Diluted:
Weighted-average common shares outstanding, diluted (in shares)	18,329		16,229		18,204	15,363
Net income per share
Basic (in dollars per share)	$ 0.11		$ 0.56		$ 0.67	$ 0.32
Diluted (in dollars per share)	$ 0.09		$ 0.51		$ 0.58	$ 0.30

Net Income Per Share - Schedu_2

Net Income Per Share - Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income per Share of Common Stock (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	85	1,051	1,052	905
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	77	771	769	804
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	8	280	283	101

Segment Information - Schedule

Segment Information - Schedule of Total Net Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 78,564	$ 79,680	$ 171,617	$ 114,687
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	43,205	55,162	106,982	82,182
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	7,842	11,561	21,260	13,008
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	19,742	10,031	32,451	14,581
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 7,775	$ 2,926	$ 10,924	$ 4,916

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)	Aug. 10, 2020Motion	Jul. 01, 2020EUR (€)Company	May 22, 2020Claim	May 05, 2020Distributor	Aug. 05, 2013
Operating Leased Assets [Line Items]
Number of shareholder claims \| Claim				8
Number of motions \| Motion		2
Number of distributors \| Distributor					2
Number of companies \| Company			2
Accounts receivable, outstanding \| €			€ 130,000
Operating lease, expense	$ 0.7
Operating lease, payments	$ 0.6
Minimum
Operating Leased Assets [Line Items]
Operating lease remaining lease term	1 year
Maximum
Operating Leased Assets [Line Items]
Operating lease remaining lease term	9 years
Merger of VTB Holdings, Inc. and Parametric Sound Corporation \| VTB Holdings, Inc
Operating Leased Assets [Line Items]
Ownership percentage						80.00%
Merger of VTB Holdings, Inc. and Parametric Sound Corporation \| Parametric Sound Corporation
Operating Leased Assets [Line Items]
Ownership percentage						20.00%

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty, beginning of period	$ 1,118	$ 712	$ 1,039	$ 743
Warranty costs accrued	119	412	453	558
Settlements of warranty claims	(215)	(311)	(470)	(488)
Warranty, end of period	$ 1,022	$ 813	$ 1,022	$ 813

Commitments and Contingencies_3

Commitments and Contingencies - Components of the Right-of-Use Assets and Lease Liabilities (Details) $ in Thousands	Jun. 30, 2021USD ($)
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 5,331
Lease liability obligations, current	$ 747
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities
Lease liability obligations, noncurrent	$ 4,861
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities
Total lease liability obligations	$ 5,608
Weighted-average remaining lease term (in years)	5 years 2 months 12 days
Weighted Average
Lessee, Lease, Description [Line Items]
Weighted-average discount rate	3.75%

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Jun. 30, 2021USD ($)
Commitments And Contingencies Disclosure [Abstract]
2021	$ 558
2022	851
2023	732
2024	741
2025	711
Thereafter	2,968
Total minimum payments	6,561
Less: Imputed interest	(953)
Total	$ 5,608