GOODWILL & INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2021

GOODWILL & INTANGIBLE ASSETS

Schedule of goodwill activity

		Goodwill
Balance at December 31, 2019	$	2,252
Balance at December 31, 2020	$	2,252
Acquisition of EnvisionTEC		198,369
Acquisition of Adaptive3D		35,265
Acquisition of Aerosint		14,581
Acquisition of Dental Arts Labs		9,089
Acquisition of A.I.D.R.O.		3,481
Foreign currency translation adjustment		(694)
Balance at September 30, 2021	$	262,343

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

				Accumulated		Balance
	Gross Value		Estimated Life	Amortization		September 30, 2021
Acquired technology	$	126,285	5 – 12 years	$	8,423	$	117,862
Trade name		10,515	4 – 13 years		474		10,041
Customer relationships		55,392	10 – 10.5 years		3,166		52,226
Total intangible assets	$	192,192		$	12,063	$	180,129

Schedule of future amortization expense

The Company expects to recognize the following amortization expense (in thousands):

	Amortization
2021 (remaining 3 months)	$	4,446
2022		19,099
2023		20,800
2024		21,160
2025		21,545
2026 and after		93,079
Total intangible amortization	$	180,129