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Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Other Intangible Assets [Abstract] |
Other Intangible Assets |
6. | Other Intangible Assets
Other intangible assets consist of the following (U.S. dollars in thousands):
|  | Carrying Amount at December 31, |
|  | 2024 |  |  | 2023 |
Indefinite life intangible assets: |  |  |  |  |  |
Trademarks and trade names |  | $ | 24,599 |  |  | $ | 24,599 |
|  | December 31, 2024 |  |  | December 31, 2023 |  |
Finite life intangible assets: |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  | Weighted- average Amortization Period
Scanner technology |  | $ | 40,716 |  |  | $ | 40,716 |  |  | $ | 40,716 |  |  | $ | 40,716 |  | 18 years
Developed technology |  |  | 36,526 |  |  |  | 28,254 |  |  |  | 36,526 |  |  |  | 26,557 |  | 16 years
Sales force network |  |  | 11,598 |  |  |  | 11,598 |  |  |  | 11,598 |  |  |  | 11,598 |  | 15 years
Trademarks |  |  | 26,386 |  |  |  | 5,789 |  |  |  | 27,111 |  |  |  | 4,913 |  | 17 years
Customer relationships |  |  | 40,718 |  |  |  | 28,141 |  |  |  | 50,821 |  |  |  | 22,450 |  | 8 years
Other |  |  | 19,777 |  |  |  | 11,544 |  |  |  | 19,801 |  |  |  | 9,678 |  | 12 years
|  | $ | 175,721 |  |  | $ | 126,042 |  |  | $ | 186,573 |  |  | $ | 115,912 |  | 14 years
Amortization of finite-life intangible assets totaled $12.3 million, $11.9 million and $9.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. The estimated annual amortization expense for each of the five succeeding fiscal years are as follows (U.S. dollars in thousands):
Year Ending December 31, |  |  |
2025 |  | $ | 9,106 |
2026 |  |  | 8,388 |
2027 |  |  | 5,960 |
2028 |  |  | 5,967 |
2029 |  |  | 3,384 |
Indefinite life intangible assets are not amortized, rather they are subject to annual impairment tests. Finite life intangibles are amortized over their useful lives. The Company reviews long-lived assets for impairment when performance expectations, events or change in circumstances indicate that the assets’ carrying value may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows by comparing the carrying value of the asset group to the net undiscounted cash flows. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset group. During the second quarter of 2024, based on continued losses and change in forecasted losses associated with the BeautyBio retail asset group within the Rhyz Other segment, the Company concluded that these factors were an interim triggering event. As a result, the Company performed an interim impairment test of the asset group and assessed the recoverability of the related asset group by comparing the carrying value of the retail asset group to the net undiscounted cash flow expected to be generated. The recoverability test indicated that the retail asset group was impaired. The Company concluded the retail asset group’s carrying value exceeded its estimated fair value, which was determined utilizing the discounted projected future cash flows, which resulted in an impairment charge. The estimated fair value was based on expected future cash flows using level 3 inputs and utilized management estimates related to revenue growth rates, profitability margins and discount rates. The Company recorded an impairment charge of $10.1 million for its Rhyz Other segment during the three months ended June 30, 2024 within restructuring and impairment expenses on the consolidated statement of income. The retail asset group has a remaining carrying value of $2.3 million with a remaining amortization period of approximately 9 years. During 2022, the Company recorded a $1.7 million impairment charge for other intangibles associated with our 2022 restructuring plan.

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