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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 8. Goodwill and Intangible Assets Goodwill The following table represents the changes in the carrying value of goodwill for the nine months ended September 30, 2021 and 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | September 30,
​ | ​ | ​ | 2021 |  | ​ | 2020
Balance at beginning of year |  | $ | 145,282 |  | $ | 11,000
Foreign currency adjustment |  | ​ | (1,093) |  | ​ | —
Goodwill related to MVE acquisition |  | ​ | 483 |  | ​ | —
Goodwill related to CRYOPDP acquisition |  | ​ | (828) |  | ​ | —
Goodwill related to CTSA and F-airGate acquisitions | ​ | ​ | 2,527 | ​ | ​ | —
Total |  | $ | 146,371 |  | $ | 11,000
​ Intangible Assets The following table presents our intangible assets as of September 30, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 182 | ​ | $ | 208 |  | 3
Technology | ​ | ​ | 35,002 | ​ | ​ | 3,943 | ​ | ​ | 31,059 | ​ | 10
Customer relationships | ​ | ​ | 128,641 | ​ | ​ | 9,467 | ​ | ​ | 119,174 | ​ | 13
Trade name/trademark | ​ | ​ | 510 | ​ | ​ | 104 | ​ | ​ | 406 | ​ | 13
Agent network | ​ | ​ | 10,655 | ​ | ​ | 2,377 | ​ | ​ | 8,278 | ​ | 3
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,378 | ​ | ​ | 37 | ​ | ​ | 2,341 | ​ | 37
Patents and trademarks | ​ | ​ | 44,462 | ​ | ​ | 688 | ​ | ​ | 43,774 | ​ | —
Total | ​ | $ | 224,638 | ​ | $ | 19,398 | ​ | $ | 205,240 | ​ | ​
​ 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 | ​ | ​
​ Amortization expense for intangible assets for the three and nine months ended September 30, 2021 was $3.7 million and $10.8 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2020 was $0.1 million and $0.4 million, respectively. Expected future amortization of intangible assets as of September 30, 2021 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
Remainder of 2021 | ​ | $ | 3,704
2022 | ​ |  | 14,816
2023 | ​ |  | 14,816
2024 | ​ |  | 14,187
2025 | ​ |  | 12,119
Thereafter | ​ |  | 99,925
​ | ​ | $ | 159,567
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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