Note 12 - Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(12) Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were are follows (in thousands):

	Goodwill
December 31, 2021	$	107,905
Acquired in Advant Medical business combination (See Note 2)		7,358
DAS working capital adjustment		196
Foreign currency translation		111
March 31, 2022	$	115,570

The carrying values of the Company’s definite lived intangible assets as of March 31, 2022 are as follows (in thousands):

	Intelletual Property / Tradename & Brand			Non- Compete			Customer List			Total
Weighted-average amortization period (years)		11.9			9.3			20
Gross amount	$	7,154		$	5,509		$	64,916		$	77,579
Accumulated amortization		(281	)		(510	)		(5,221	)	$	(6,012	)
Net balance	$	6,873		$	4,999		$	59,695		$	71,567

Amortization expense related to intangible assets was approximately $1.0 million and $0.3 million for the three-month periods ended March 31, 2022 and 2021. The estimated remaining amortization expense as of March 31, 2022 is as follows (in thousands):

Remainder of 2022
2022		3,360
2023		4,395
2024		4,388
2025		4,388
2026		4,386
Thereafter		50,650
Total	$	71,567