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Note 13 - Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(13)

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the three months ended March 31, 2023 are as follows (in thousands):

		Goodwill

December 31, 2022		$	113,028
Foreign currency translation			131
March 31, 2023		$	113,159

The carrying values of the Company’s definite lived intangible assets as of March 31, 2023 are as follows (in thousands):

		Intelletual Property / Tradename & Brand				Non- Compete				Customer List				Total
Weighted-average amortization period		11.9 years				9.3 years				20 years
Gross amount		$	7,103			$	5,502			$	65,228			$	77,833
Accumulated amortization			(879	)			(1,125	)			(8,483	)		$	(10,487	)
Net balance		$	6,224			$	4,377			$	56,745			$	67,346

Amortization expense related to intangible assets was approximately $1.1 million and $1.0 million for the three-month periods ended March 31, 2023 and 2022 . The estimated remaining amortization expense as of March 31, 2023 is as follows (in thousands):

Remainder of 2023		$	3,308
2024			4,401
2025			4,401
2026			4,399
2027			4,397
2028			4,350
Thereafter			42,090
Total		$	67,346