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

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

 

December 31, 2021

 

$

39,689

 

Purchase price allocation adjustment

 

 

1,628

 

Foreign currency fluctuation

 

 

(3,724

)

September 30, 2022

 

$

37,593

 

 

Intangible Assets, Net

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

 

 

 

Remaining Avg.
Useful lives

 

Gross

 

 

Accumulated

 

 

Intangible

 

September 30, 2022:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Developed product technology

 

7

 

$

69,724

 

 

$

(10,380

)

 

$

59,344

 

Trademarks and trade names

 

8

 

 

4,974

 

 

 

(792

)

 

 

4,182

 

Customer relationships

 

4

 

 

13,532

 

 

 

(6,344

)

 

 

7,188

 

Distribution network

 

2

 

 

2,413

 

 

 

(1,991

)

 

 

422

 

Total amortized intangible assets

 

 

 

 

90,643

 

 

 

(19,507

)

 

 

71,136

 

 

 

 

 

 

 

 

 

 

 

 

 

Software in development

 

n/a

 

 

3,340

 

 

 

 

 

 

3,340

 

In-process research and development

 

n/a

 

 

5,262

 

 

 

 

 

 

5,262

 

Total intangible assets

 

 

 

$

99,245

 

 

$

(19,507

)

 

$

79,738

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

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

 

Total amortized intangible assets

 

 

 

 

97,420

 

 

 

(13,349

)

 

 

84,071

 

 

 

 

 

 

 

 

 

 

 

 

 

In-process research and development

 

n/a

 

 

1,203

 

 

 

 

 

 

1,203

 

Total intangible assets

 

 

 

$

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):

 

Remainder of 2022

 

$

2,734

 

 2023

 

 

10,936

 

 2024

 

 

10,833

 

 2025

 

 

10,248

 

 2026

 

 

10,248

 

Thereafter

 

 

26,137

 

 

 

$

71,136