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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2022
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 three months ended March 31, 2022 and 2021 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31,
​ |  | 2022 |  | 2021
Balance at beginning of year |  | ​ | 146,954 |  | ​ | 145,282
Foreign currency adjustment |  | ​ | (369) |  | ​ | (1,405)
Goodwill related to MVE acquisition |  | ​ | — |  | ​ | 18
Goodwill related to CRYOPDP acquisition |  | ​ | — |  | ​ | (2,590)
Goodwill related to CTSA and F-airGate acquisitions | ​ | ​ | 6 | ​ | ​ | —
Total |  | $ | 146,591 |  | $ | 141,305
​ Intangible Assets The following table presents our intangible assets as of March 31, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 221 | ​ | $ | 169 |  | 2
Technology | ​ | ​ | 35,327 | ​ | ​ | 5,655 | ​ | ​ | 29,672 | ​ | 10
Customer relationships | ​ | ​ | 128,593 | ​ | ​ | 14,071 | ​ | ​ | 114,522 | ​ | 13
Trade name/trademark | ​ | ​ | 510 | ​ | ​ | 120 | ​ | ​ | 390 | ​ | 12
Agent network | ​ | ​ | 10,686 | ​ | ​ | 3,770 | ​ | ​ | 6,916 | ​ | 3
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,378 | ​ | ​ | 22 | ​ | ​ | 2,356 | ​ | 36
Patents and trademarks | ​ | ​ | 44,704 | ​ | ​ | 1,121 | ​ | ​ | 43,583 | ​ | —
Total | ​ | $ | 225,188 | ​ | $ | 27,580 | ​ | $ | 197,608 | ​ | ​
​ The following table presents our intangible assets as of December 31, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 201 | ​ | $ | 189 |  | 2
Technology | ​ | ​ | 35,116 | ​ | ​ | 4,790 | ​ | ​ | 30,326 | ​ | 10
Customer relationships | ​ | ​ | 128,593 | ​ | ​ | 11,725 | ​ | ​ | 116,868 | ​ | 13
Trade name/trademark | ​ | ​ | 510 | ​ | ​ | 112 | ​ | ​ | 398 | ​ | 12
Agent network | ​ | ​ | 10,686 | ​ | ​ | 3,047 | ​ | ​ | 7,639 | ​ | 3
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,378 | ​ | ​ | 7 | ​ | ​ | 2,371 | ​ | 36
Patents and trademarks | ​ | ​ | 44,566 | ​ | ​ | 930 | ​ | ​ | 43,636 |  | —
Total | ​ | $ | 224,839 | ​ | $ | 23,412 | ​ | $ | 201,427 | ​ | ​
​ Amortization expense for intangible assets for the three months ended March 31, 2022 and 2021, was $3.8 million and $3.6 million, respectively. Expected future amortization of intangible assets as of March 31, 2022 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
Remainder of 2022 | ​ | $ | 11,260
2023 | ​ |  | 14,942
2024 | ​ |  | 14,283
2025 | ​ |  | 12,228
2026 | ​ |  | 12,075
Thereafter | ​ |  | 88,191
​ | ​ | $ | 152,979
​

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