GOODWILL & INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2022

GOODWILL & INTANGIBLE ASSETS

Schedule of goodwill activity

The goodwill activity is as follows (in thousands):

		Goodwill
Balance at December 31, 2020	$	2,252
Acquisition of EnvisionTEC		195,688
Acquisition of Adaptive3D		35,113
Acquisition of Aerosint		14,581
Acquisition of Dental Arts Labs		8,839
Acquisition of A.I.D.R.O.		3,515
Acquisition of Brewer Dental		2,463
Acquisition of May Dental		6,782
Acquisition of ExOne		374,636
Foreign currency translation adjustment		(4,568)
Balance at December 31, 2021	$	639,301
May Dental working capital adjustment		23
Foreign currency translation adjustment		(9,302)
Balance at March 31, 2022	$	630,022

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

		March 31, 2022						December 31, 2021
	Weighted Average	Gross				Net		Gross				Net
	Remaining Useful	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Lives (in years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Acquired technology	9.0	$	197,828	$	17,833	$	179,995	$	198,631	$	11,421	$	187,210
Trade name	10.7		12,469		1,106		11,363		12,475		684		11,791
Customer relationships	10.5		68,673		9,156		59,517		69,127		6,296		62,831
Capitalized software	1.3		518		393		125		518		366		152
Total intangible assets		$	279,488	$	28,488	$	251,000	$	280,751	$	18,767	$	261,984

Schedule of amortization expenses

	Statement of	Amortization		Amortization
	Operations	Expense		Expense
Category	Line Item	March 31, 2022		March 31, 2021
Acquired technology	Cost of Sales	$	5,990	$	1,091
Acquired technology	Research and Development		443		506
Trade name	General and Administrative		422		80
Customer relationships	Sales and Marketing		2,902		621
Capitalized software	Research and Development		27		45
		$	9,784	$	2,343

Schedule of future amortization expense

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

	Amortization Expense
2022 (remaining 9 months)	$	29,340
2023		42,010
2024		42,072
2025		39,562
2026		29,707
2027 and after		68,309
Total intangible amortization	$	251,000