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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets

Schedule of goodwill

The following table represents the changes in the carrying value of goodwill for the six months ended June 30, 2021 and 2020 (in thousands):

​	​	​	​	​	​	​
​		​	June 30,
​	​	​	2021		​	2020
Balance at beginning of year		$	145,282		$	11,000
Foreign currency adjustment		​	(483)		​	—
Goodwill related to MVE acquisition		​	518		​	—
Goodwill related to CRYOPDP acquisition		​	(1,005)		​	—
Goodwill related to CTSA and F-airGate acquisitions	​	​	2,662	​	​	—
Total		$	146,974		$	11,000

Schedule of intangible assets

The following table presents our intangible assets as of June 30, 2021 (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	Weighted
​	​	​	​	​	​	​	​	Net		​	Average
​	​	Gross		​	Accumulated		​	Carrying		​	Amortization
​		Amount			Amortization			Amount			Period (years)
Non-compete agreement	​	$	390	​	$	163	​	$	227		3
Technology	​	​	34,695	​	​	3,115	​	​	31,580	​	11
Customer relationships	​	​	128,957	​	​	7,409	​	​	121,548	​	13
Trade name/trademark	​	​	510	​	​	82	​	​	428	​	12
Agent network	​	​	10,972	​	​	1,983	​	​	8,989	​	4
Order backlog	​	​	2,600	​	​	2,600	​	​	—	​	—
Land use rights	​	​	2,378	​	​	17	​	​	2,361	​	37
Patents and trademarks	​	​	44,421	​	​	427	​	​	43,994	​	—
Total	​	$	224,923	​	$	15,796	​	$	209,127	​	​

​

The following table presents our intangible assets as of December 31, 2020 (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	Weighted
​	​	​	​	​	​	​	​	Net		​	Average
​	​	Gross		​	Accumulated		​	Carrying		​	Amortization
​		Amount			Amortization			Amount			Period (years)
Non-compete agreement	​	$	390	​	$	123	​	$	267		3
Technology	​	​	34,245	​	​	1,630	​	​	32,615	​	11
Customer relationships	​	​	128,640	​	​	2,708	​	​	125,932	​	14
Trade name/trademark	​	​	480	​	​	51	​	​	429	​	13
Agent network	​	​	8,597	​	​	537	​	​	8,060	​	4
Order backlog	​	​	2,600	​	​	2,600	​	​	—	​	—
Land use rights	​	​	2,378	​	​	16	​	​	2,362	​	37
Patents and trademarks	​	​	44,312	​	​	69	​	​	44,243		—
Total	​	$	221,642	​	$	7,734	​	$	213,908	​	​

​

Schedule of expected future amortization of intangible assets

Expected future amortization of intangible assets as of June 30, 2021 is as follows:

​

​	​	​	​
Years Ending December 31,		Amount
Remainder of 2021	​	$	7,438
2022	​		14,847
2023	​		14,847
2024	​		14,222
2025	​		12,147
Thereafter	​		100,010
​	​	$	163,511

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