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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The change in the carrying amount of goodwill during the period ended March 31, 2023 includes the following (in thousands):

 

December 31, 2022

 

$

47,367

 

Foreign currency fluctuation

 

 

557

 

March 31, 2023

 

$

47,924

 

 

Intangible Assets, Net

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

 

 

Remaining Avg.
Useful lives

 

Gross

 

 

Accumulated

 

 

Intangible

 

March 31, 2023:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Developed product technology

 

7

 

$

76,718

 

 

$

(16,071

)

 

$

60,647

 

Trademarks and trade names

 

8

 

 

5,510

 

 

 

(1,136

)

 

 

4,374

 

Customer relationships

 

4

 

 

14,379

 

 

 

(7,365

)

 

 

7,014

 

Distribution network

 

2

 

 

2,413

 

 

 

(2,091

)

 

 

322

 

Total amortized intangible assets

 

 

 

 

99,020

 

 

 

(26,663

)

 

 

72,357

 

 

 

 

 

 

 

 

 

 

 

 

 

Software in development

 

n/a

 

 

2,985

 

 

 

 

 

 

2,985

 

In-process research and development

 

n/a

 

 

5,737

 

 

 

 

 

 

5,737

 

Total intangible assets

 

 

 

$

107,742

 

 

$

(26,663

)

 

$

81,079

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

Remaining Avg.
Useful lives

 

Gross

 

 

Accumulated

 

 

Intangible

 

December 31, 2022:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Developed product technology

 

7

 

$

75,896

 

 

$

(13,420

)

 

$

62,476

 

Trademarks and trade names

 

8

 

 

5,421

 

 

 

(987

)

 

 

4,434

 

Customer relationships

 

4

 

 

14,240

 

 

 

(6,906

)

 

 

7,334

 

Distribution network

 

2

 

 

2,413

 

 

 

(2,041

)

 

 

372

 

Total amortized intangible assets

 

 

 

 

97,970

 

 

 

(23,354

)

 

 

74,616

 

 

 

 

 

 

 

 

 

 

 

 

Software in development

 

n/a

 

 

2,503

 

 

 

 

 

 

2,503

 

In-process research and development

 

n/a

 

 

5,662

 

 

 

 

 

 

5,662

 

Total intangible assets

 

 

 

$

106,135

 

 

$

(23,354

)

 

$

82,781

 

Schedule of Intangible Assets, Future Expected Amortization Expense

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

Remainder of 2023

 

$

9,385

 

2024

 

 

12,411

 

2025

 

 

10,922

 

2026

 

 

10,922

 

2027

 

 

9,050

 

Thereafter

 

 

19,667

 

 

 

$

72,357