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Note 13 - Goodwill and Other Intangible Assets
 6 Months Ended
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