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Note 13 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2023

Intangible Assets Disclosure [Text Block]

(13)

Goodwill and Other Intangible Assets

The change in the carrying amount of goodwill for the six months ended June 30, 2023 was as follows (in thousands):

	Goodwill

December 31, 2022	$	113,028
Foreign currency translation		140
June 30, 2023	$	113,168

The carrying values of the Company’s definite lived intangible assets as of June 30, 2023 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	$	7,106		$	5,502		$	65,232		$	77,840
Accumulated amortization		(1,028	)		(1,260	)		(9,299	)		(11,587	)
Net balance	$	6,078		$	4,242		$	55,933		$	66,253

Amortization expense related to intangible assets was approximately $1.0 million and $1.1 million, respectively, for the three-month periods ended June 30, 2023 and 2022, and $2.1 million and $2.1 million, respectively, for the six-month periods ended June 30, 2023 and 2022. The estimated remaining amortization expense as of June 30, 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		40,997
Total	$	66,253