Note 12 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 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 six months ended June 30, 2022 were are follows (in thousands):

	Goodwill
December 31, 2021	$	107,905
Acquired in Advant Medical business combination (See Note 2)		7,140
DAS working capital adjustment		196
Foreign currency translation		(320	)
June 30, 2022	$	114,921

The carrying values of the Company’s definite lived intangible assets as of June 30, 2022 are as follows (in thousands):

	Intellectual Property / Tradename & Brand			Non- Compete			Customer List			Total
Weighted-average amortization period (in years)	11.9			9.3			20
Gross amount	$	7,023		$	5,484		$	65,137		$	77,644
Accumulated amortization		(416	)		(658	)		(6,056	)		(7,130	)
Net balance	$	6,607		$	4,826		$	59,081		$	70,514

Amortization expense related to intangible assets was approximately $1.1 million and $0.3 million, respectively, for the three-month periods ended June 30, 2022 and 2021, and was $2.1 million and $0.6 million, respectively, for the six-month periods ended June 30, 2022 and 2021. The estimated remaining amortization expense as of June 30, 2022 is as follows (in thousands):

Remainder of 2022	$	3,642
2023		4,771
2024		4,764
2025		4,764
2026		4,762
Thereafter		47,811
Total	$	70,514