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Note 13 - Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2024
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 six months ended June 30, 2024 are as follows (in thousands):
|  | Goodwill |
December 31, 2023 |  | $ | 113,263 |
Acquired in Marble Medical business combination |  |  | 2,564 |
Foreign currency translation |  |  | (211 | )
June 30, 2024 |  | $ | 115,616 |
The carrying values of the Company’s definite lived intangible assets as of June 30, 2024 are as follows (in thousands):
|  | Intelletual Property / Tradename & Brand |  |  | Non- Compete |  |  | Customer List |  |  | Total |
Weighted-average amortization period |  | 11.4 years |  |  | 9.2 years |  |  | 19.9 years |  |  |  |  |
Gross amount |  | $ | 7,371 |  |  | $ | 5,548 |  |  | $ | 65,434 |  |  | $ | 78,353 |
Accumulated amortization |  |  | (1,620 | ) |  |  | (1,796 | ) |  |  | (12,555 | ) |  |  | (15,971 | )
Net balance |  | $ | 5,751 |  |  | $ | 3,752 |  |  | $ | 52,879 |  |  | $ | 62,382 |
Amortization expense related to intangible assets was approximately $1.0 million and $2.0 million for the three- and six-month periods ended June 30, 2024, respectively, and $1.0 million and $2.1 million for the three- and six-month periods ended June 30, 2023, respectively. The estimated remaining amortization expense as of June 30, 2024 is as follows (in thousands):
Remainder of 2024 |  | $ | 2,113 |
2025 |  |  | 4,274 |
2026 |  |  | 4,272 |
2027 |  |  | 4,270 |
2028 |  |  | 4,172 |
2029 |  |  | 4,168 |
Thereafter |  |  | 39,113 |
Total |  | $ | 62,382 |

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