XML 34 R16.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 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 years ended December 31, 2022 and 2021 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Balance at beginning of year | ​ | $ | 146,954 | ​ | $ | 145,282
Foreign currency adjustment | ​ | ​ | (5,391) | ​ | ​ | (419)
Goodwill related to MVE acquisition | ​ |  | — | ​ |  | 483
Goodwill related to CRYOPDP acquisition | ​ |  | — | ​ |  | (828)
Goodwill related to CTSA and F-airGate acquisitions | ​ |  | 6 | ​ |  | 2,436
Goodwill related to Cell&Co acquisition | ​ | ​ | 2,785 | ​ | ​ | —
Goodwill related to Polar Expres acquisition | ​ | ​ | 1,828 | ​ | ​ | —
Goodwill related to Cell Matters acquisition | ​ | ​ | 4,935 | ​ | ​ | —
Balance at end of year | ​ | $ | 151,117 | ​ | $ | 146,954
​ Intangible Assets The following table presents our intangible assets as of December 31, 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 280 | ​ | $ | 110 |  | 1
Technology | ​ | ​ | 36,592 | ​ | ​ | 8,056 | ​ | ​ | 28,536 | ​ | 9
Customer relationships | ​ | ​ | 131,716 | ​ | ​ | 21,254 | ​ | ​ | 110,462 | ​ | 12
Trade name/trademark | ​ | ​ | 820 | ​ | ​ | 158 | ​ | ​ | 662 | ​ | 13
Agent network | ​ | ​ | 11,667 | ​ | ​ | 6,199 | ​ | ​ | 5,468 | ​ | 2
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,378 | ​ | ​ | 257 | ​ | ​ | 2,121 | ​ | 35
Patents and trademarks | ​ | ​ | 45,181 | ​ | ​ | 1,531 | ​ | ​ | 43,650 | ​ | —
Total | ​ | $ | 231,344 | ​ | $ | 40,335 | ​ | $ | 191,009 | ​ | ​
​ 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 years ended December 31, 2022, 2021 and 2020 was $15.1 million, $14.4 million and $6.6 million, respectively. ​ Expected future amortization of intangible assets as of December 31, 2022 is as follows (in thousands): ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
2023 | ​ |  | 15,269
2024 | ​ |  | 14,663
2025 | ​ |  | 12,739
2026 | ​ |  | 12,486
2027 | ​ |  | 12,261
Thereafter | ​ |  | 78,027
​ | ​ | $ | 145,445
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration