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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
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, 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

Schedule of 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

Schedule of expected future amortization of intangible assets

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