Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets

The following table summarizes the activity in goodwill:


	Six Months Ended June 30, 2022
	Healthcare						Industrial						Consolidated
(in thousands)	Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill

Balance at beginning of year	$	121,970	$	(32,055)	$	89,915	$	298,002	$	(42,329)	$	255,673	$	419,972	$	(74,384)	$	345,588
Acquisitions	25,065		—		25,065		22,357		—		22,357		47,422		—		47,422


Foreign currency translation adjustments	(4,531)		—		(4,531)		(5,981)		—		(5,981)		(10,512)		—		(10,512)
Total goodwill	$	142,504	$	(32,055)	$	110,449	$	314,378	$	(42,329)	$	272,049	$	456,882	$	(74,384)	$	382,498


	December 31, 2021
	Healthcare						Industrial						Consolidated
(in thousands)	Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill

Balance at beginning of year	$	101,767	$	(32,055)	$	69,712	$	134,382	$	(42,329)	$	92,053	$	236,149	$	(74,384)	$	161,765
Acquisitions	39,182		—		39,182		170,033		—		170,033		209,215		—		209,215
Dispositions	(15,598)		—		(15,598)		(3,873)		—		(3,873)		(19,471)		—		(19,471)
Adjustments	(900)		—		(900)		900		—		900		—		—		—
Foreign currency translation adjustments	(2,481)		—		(2,481)		(3,440)		—		(3,440)		(5,921)		—		(5,921)
Total goodwill	$	121,970	$	(32,055)	$	89,915	$	298,002	$	(42,329)	$	255,673	$	419,972	$	(74,384)	$	345,588

Intangible assets, net, other than goodwill, at June 30, 2022 and December 31, 2021 are summarized as follows:


	June 30, 2022						December 31, 2021
(in thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net		Weighted Average Useful Life Remaining (in years)
Intangible assets with finite lives:
Customer relationships	$	49,886	$	(45,145)	$	4,741	$	53,062	$	(45,613)	$	7,449	2.3
Acquired technology	36,290		(6,301)		29,989		17,518		(5,430)		12,088		6.5
Trade names	31,227		(11,020)		20,207		20,448		(10,438)		10,010		11.1
Patent costs	20,836		(11,600)		9,236		21,852		(11,812)		10,040		11.0
Trade secrets	19,585		(19,130)		455		19,924		(18,971)		953		0.6
Acquired patents	16,202		(15,945)		257		16,257		(15,945)		312		6.4
Other	13,031		(7,911)		5,120		12,982		(7,999)		4,983		3.9
Total intangible assets	$	187,057	$	(117,052)	$	70,005	$	162,043	$	(116,208)	$	45,835	7.6

Amortization expense related to intangible assets was $3,302 and $5,980 for the three and six months ended June 30, 2022, respectively, compared to $2,502 and $4,929 for the three and six months ended June 30, 2021, respectively.