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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill Historically, the Company had concluded that it operated as a single operating segment and single reporting unit. During the three and nine months ended September 30, 2022, as a result of changes in the management of the Company’s business, management concluded that the Company operates as three operating segments, including two distinct reportable segments: Wound & Surgical and Regenerative Medicine. See Note 15 for a description of the Company’s operating segments. Management further concluded that it had three reporting units. The Company allocated the $20.0 million of consolidated goodwill, which was entirely allocated to its previous reporting unit, to each of Wound & Surgical and Regenerative Medicine based on their relative fair values from a market participant standpoint. The result was $19.5 million and $0.5 million allocated to Wound & Surgical and Regenerative Medicine, respectively. A third reporting unit associated with the Company’s third operating segment was deemed immaterial and no goodwill was assigned to it. The Company performed goodwill impairment tests using the Company’s single reporting unit and the new reporting units. In all cases, the Company concluded that the estimated fair values of each reporting unit exceeded their respective carrying values. Therefore, the Company did not record impairment for goodwill during the three or nine months ended September 30, 2022. There was no other activity related to goodwill during the three or nine months ended September 30, 2022. Intangible Assets, Net Intangible assets, net, are summarized as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount |  | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Amortized intangible assets |  |  |  |  |  |  |
Patents and know-how | $ | 9,810 |  | $ | (6,928) |  | $ | 2,882 |  |  | $ | 9,578 |  | $ | (6,408) |  | $ | 3,170 |
Unamortized intangible assets: |  |  |  |  |  |  |
Tradenames and trademarks | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 |
Patents in Process | 1,102 |  |  | 1,102 |  |  | 1,205 |  |  | 1,205 |
Total intangible assets | $ | 11,920 |  |  | $ | 4,992 |  |  | $ | 11,791 |  |  | $ | 5,383 |
Amortization expense for the three and nine months ended September 30, 2022 and 2021 is summarized in the table below (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Amortization expense | $ | 175 |  |  | $ | 193 |  |  | $ | 519 |  |  | $ | 647 |
Expected future amortization of intangible assets as of September 30, 2022, is as follows (in thousands):
Year ending December 31, | Estimated Amortization Expense
2022 (excluding the nine months ended September 30, 2022) | $ | 174 |
2023 | 698 |
2024 | 698 |
2025 | 303 |
2026 | 148 |
Thereafter | 861 |
Total amortized intangible assets | $ | 2,882 |

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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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