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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
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, 2022 and 2021 (in thousands):

September 30, 

    

2022

    

2021

Balance at beginning of year

 

146,954

145,282

Foreign currency adjustment

 

(8,165)

(1,093)

Goodwill related to MVE acquisition

 

483

Goodwill related to CRYOPDP acquisition

 

(828)

Goodwill related to CTSA and F-airGate acquisitions

6

2,527

Goodwill related to Cell&Co acquisition

2,451

Goodwill related to Polar Expres acquisition

1,702

Goodwill related to Cell Matters acquisition

4,510

Total

 

$

147,458

$

146,371

Schedule of intangible assets

The following table presents our intangible assets as of September 30, 2022 (in thousands):

Weighted

Net

Average

Gross

Accumulated

Carrying

Amortization

    

Amount

    

Amortization

    

Amount

    

Period (years)

Non-compete agreement

$

390

$

260

$

130

2

Technology

36,080

7,636

28,444

10

Customer relationships

131,447

19,200

112,247

12

Trade name/trademark

793

118

675

12

Agent network

11,583

5,792

5,791

2

Order backlog

2,600

2,600

Land use rights

2,378

305

2,073

36

Patents and trademarks

45,084

2,304

42,780

Total

$

230,355

$

38,215

$

192,140

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 September 30, 2022 is as follows:

Years Ending December 31,

    

Amount

Remainder of 2022

$

3,736

2023

 

14,940

2024

 

14,369

2025

 

12,543

2026

 

12,307

Thereafter

 

89,648

$

147,543