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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2022 and 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ |  | 2022 |  | 2021
Balance at beginning of year |  | ​ | 146,954 |  | ​ | 145,282
Foreign currency adjustment |  | ​ | (4,369) |  | ​ | (483)
Goodwill related to MVE acquisition |  | ​ | — |  | ​ | 518
Goodwill related to CRYOPDP acquisition |  | ​ | — |  | ​ | (1,005)
Goodwill related to CTSA and F-airGate acquisitions | ​ | ​ | 6 | ​ | ​ | 2,662
Goodwill related to Cell&Co acquisition | ​ | ​ | 2,610 | ​ | ​ | —
Total |  | $ | 145,201 |  | $ | 146,974
​ Intangible Assets The following table presents our intangible assets as of June 30, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 240 | ​ | $ | 150 |  | 2
Technology | ​ | ​ | 35,679 | ​ | ​ | 6,648 | ​ | ​ | 29,031 | ​ | 10
Customer relationships | ​ | ​ | 131,504 | ​ | ​ | 16,651 | ​ | ​ | 114,853 | ​ | 13
Trade name/trademark | ​ | ​ | 812 | ​ | ​ | 104 | ​ | ​ | 708 | ​ | 13
Agent network | ​ | ​ | 10,686 | ​ | ​ | 4,820 | ​ | ​ | 5,866 | ​ | 2
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,378 | ​ | ​ | 162 | ​ | ​ | 2,216 | ​ | 36
Patents and trademarks | ​ | ​ | 44,924 | ​ | ​ | 1,735 | ​ | ​ | 43,189 | ​ | —
Total | ​ | $ | 228,973 | ​ | $ | 32,960 | ​ | $ | 196,013 | ​ | ​
​ 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 and six months ended June 30, 2022, was $3.7 million and $7.5 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2021 was $3.6 million and $7.1 million, respectively. Expected future amortization of intangible assets as of June 30, 2022 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
Remainder of 2022 | ​ | $ | 7,464
2023 | ​ |  | 14,919
2024 | ​ |  | 14,319
2025 | ​ |  | 12,385
2026 | ​ |  | 12,245
Thereafter | ​ |  | 90,008
​ | ​ | $ | 151,340
​

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