Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

7. Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill during the period ended June 30, 2022 included the following (in thousands):


December 31, 2021	$	39,689
Purchase price allocation adjustment		1,628
Foreign currency fluctuation		(2,147	)
June 30, 2022	$	39,170

Intangible assets, net

Intangible assets, net consist of the following (in thousands, except as indicated):


	Remaining Avg. Useful lives	Gross		Accumulated			Intangible
June 30, 2022:	(in years)	Amount		Amortization			Assets, net
Developed product technology	11	$	72,740	$	(8,557	)	$	64,183
Trademarks and trade names	9		5,298		(708	)		4,590
Customer relationships	4		14,043		(6,031	)		8,012
Distribution network	2		2,413		(1,940	)		473
In-process research and development	n/a		1,353		—			1,353
Total		$	95,847	$	(17,236	)	$	78,611

	Remaining Avg. Useful lives	Gross		Accumulated			Intangible
December 31, 2021:	(in years)	Amount		Amortization			Assets, net
Developed product technology	12	$	74,543	$	(5,768	)	$	68,775
Trademarks and trade names	10		5,732		(477	)		5,255
Customer relationships	5		14,732		(5,264	)		9,468
Distribution network	3		2,413		(1,840	)		573
In-process research and development	n/a		1,203		—			1,203
Total		$	98,623	$	(13,349	)	$	85,274

Total amortization expense attributed to intangible assets was $2.2 million and $4.4 million for the three and six months ended June 30, 2022, respectively, and $1.5 million and $1.9 million for the three and six months ended June 30, 2021, respectively. In-process research and development assets begin amortizing when the relevant products reach full commercial launch.

Future amortization expense related to intangible assets is as follows (in thousands):


Year Ending December 31,
Remainder of 2022	$	4,429
2023		8,859
2024		8,756
2025		8,171
2026		8,171
Thereafter		40,225
	$	78,611