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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets

Schedule of 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

Schedule of 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	​	​

​

Schedule of expected future amortization of intangible assets

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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