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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
There were no changes in the carrying amount of goodwill during the three months ended March 31, 2025.
Intangible assets other than goodwill at March 31, 2025 and December 31, 2024 were as follows:
March 31, 2025December 31, 2024Useful
Life (in years)		Weighted Average
Useful Life Remaining
(in years)
(in thousands)GrossAccumulated
Amortization		NetGrossAccumulated
Amortization		Net
Intangible assets with finite lives:
Non-compete agreement$829 $(739)$90 $819 $(703)$116 
2.0 - 5.0
0.6
Software technology13,229 (9,465)3,764 13,229 (9,123)4,106 10.02.8
Software platform26,119 (9,198)16,921 25,657 (8,457)17,200 12.07.8
Total intangible assets$40,177 $(19,402)$20,775 $39,705 $(18,283)$21,422 
Intangible assets allocated to the Protolabs Network entities consisted of intangible assets of €11.6 million in Europe and $16.6 million in the United States as of the date of the acquisition. The Euro denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of Other Comprehensive Income. Foreign currency unrealized losses related to intangible assets were $1.6 million and $2.2 million as of March 31, 2025 and December 31, 2024, respectively. Amortization expense for intangible assets was $0.9 million and $1.0 million for each of the three months ended March 31, 2025 and 2024, respectively.
Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets and current exchange rates is as follows:
(in thousands)Estimated Amortization Expense
Remaining 2025$2,728
20263,537
20273,528
20282,161
20292,161
Thereafter6,660
Total estimated amortization expense$20,775