Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill during the period ended March 31, 2022 included the following (in thousands):

December 31, 2021	$	39,689
Purchase price allocation adjustment		1,628
Foreign currency fluctuation		(486	)
March 31, 2022	$	40,831

Intangible assets, net

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

	Remaining Avg. Useful lives		Gross		Accumulated			Intangible
March 31, 2022:	(in years)		Amount		Amortization			Assets, net
Developed product technology		12	$	73,665	$	(7,303	)	$	66,362
Trademarks and trade names		10		5,638		(609	)		5,029
Customer relationships		5		14,583		(5,685	)		8,898
Distribution network		3		2,413		(1,890	)		523
In-process research and development	n/a			1,278		—			1,278
Total			$	97,577	$	(15,487	)	$	82,090
	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 $0.4 million for the three months ended March 31, 2022, and 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	$	6,734
2023		8,957
2024		8,854
2025		8,269
2026		8,269
Thereafter		41,007
	$	82,090