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Note 12 - Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 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 nine months ended September 30, 2022 are as 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 |
Sale of Molded Fiber |  |  | (1,778 | )
Foreign currency translation |  |  | (806 | )
September 30, 2022 |  | $ | 112,657 |
The carrying values of the Company’s definite lived intangible assets as of September 30, 2022 are as follows (in thousands):
|  | Intellectual Property / Tradename & Brand |  |  | Non- Compete |  |  | Customer List |  |  | Total |
Weighted-average amortization period (years) |  |  | 11.9 |  |  |  | 9.3 |  |  |  | 20 |  |  |  |  |
Gross amount |  | $ | 6,881 |  |  | $ | 5,474 |  |  | $ | 64,922 |  |  | $ | 77,277 |
Accumulated amortization |  |  | (570 | ) |  |  | (822 | ) |  |  | (6,844 | ) |  |  | (8,236 | )
Net balance |  | $ | 6,311 |  |  | $ | 4,652 |  |  | $ | 58,078 |  |  | $ | 69,041 |
Amortization expense related to intangible assets was approximately $1.1 million and $314 thousand, respectively, for the three-month periods ended September 30, 2022 and 2021, and was $3.3 million and $943 thousand, respectively, for the nine-month periods ended September 30, 2022 and 2021. The estimated remaining amortization expense as of September 30, 2022 is as follows (in thousands):
Remainder of 2022 |  | $ | 1,123 |
2023 |  |  | 4,409 |
2024 |  |  | 4,401 |
2025 |  |  | 4,401 |
2026 |  |  | 4,398 |
Thereafter |  |  | 50,309 |
Total |  | $ | 69,041 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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