Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The change in the carrying amount of goodwill during the years ended December 31, 2023 and 2022 included the following (in thousands):


December 31, 2021	$	105,510

Foreign currency translation adjustment	(11,096)
December 31, 2022	94,414
Foreign currency translation adjustment	5,003
December 31, 2023	$	99,417

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets

Intangible assets as of December 31, 2023 included the following (in thousands):


		December 31, 2023
	Weighted-Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Impairment		Foreign currency translation adjustment		Intangible Assets, Net
Patent license asset	8.71 years	$	1,000	$	(1,000)	$	—	$	—	$	—
Exclusive license asset	4 years	3,300		(2,420)		—		—		880
Technology	12 years	81,100		(19,236)		—		(6,140)		55,724
Trade names and trademarks	Indefinite	19,700		—		—		(1,482)		18,218
Customer relationships	12 years	11,400		(3,837)		(287)		(723)		6,553
		$	116,500	$	(26,493)	$	(287)	$	(8,345)	$	81,375

Intangible asset as of December 31, 2022 included the following (in thousands):


		December 31, 2022
	Weighted-Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Impairment		Foreign currency translation adjustment		Intangible Assets, Net
Patent license asset	8.71 years	$	1,000	$	(1,000)	$	—	$	—	$	—
Exclusive license asset	4 years	3,300		(1,540)		—		—		1,760
Technology	12 years	81,100		(12,496)		—		(9,141)		59,463
Trade names and trademarks	Indefinite	19,700		—		—		(2,398)		17,302
Customer relationships	12 years	11,400		(2,393)		(287)		(992)		7,728
		$	116,500	$	(17,429)	$	(287)	$	(12,531)	$	86,253

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense as of December 31, 2023, is as follows (in thousands):


2024	$	8,962
2025	7,927
2026	7,783
2027	7,645
2028	7,512

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

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