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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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

 

Schedule of Intangible Assets, Future Expected Amortization Expense

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