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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets |
Schedule of goodwill | The following table represents the changes in the carrying value of goodwill as of March 31, 2024 and December 31, 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2024 |  | 2023
Balance at beginning of year | ​ | $ | 108,403 | ​ | $ | 151,117
Foreign currency adjustment | ​ | ​ | (815) | ​ | ​ | (284)
Goodwill impairment | ​ | ​ | — | ​ | ​ | (49,569)
Goodwill related to Tec4med acquisition | ​ |  | — | ​ |  | 2,694
Goodwill related to Bluebird acquisition | ​ | ​ | — | ​ | ​ | 4,445
Total | ​ | $ | 107,588 | ​ | $ | 108,403
Schedule of intangible assets | The following table presents our intangible assets as of March 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 810 | ​ | $ | 409 | ​ | $ | 401 |  | 5
Technology | ​ | ​ | 50,997 | ​ | ​ | 12,567 | ​ | ​ | 38,430 | ​ | 9
Customer relationships | ​ | ​ | 131,785 | ​ | ​ | 32,667 | ​ | ​ | 99,118 | ​ | 11
Trade name/trademark | ​ | ​ | 947 | ​ | ​ | 260 | ​ | ​ | 687 | ​ | 10
Agent network | ​ | ​ | 14,020 | ​ | ​ | 9,330 | ​ | ​ | 4,690 | ​ | 3
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,198 | ​ | ​ | 244 | ​ | ​ | 1,954 | ​ | 34
Patents and trademarks | ​ | ​ | 45,029 | ​ | ​ | 221 | ​ | ​ | 44,808 | ​ | —
Total | ​ | $ | 248,386 | ​ | $ | 58,298 | ​ | $ | 190,088 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The following table presents our intangible assets as of December 31, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 810 | ​ | $ | 368 | ​ | $ | 442 |  | 5
Technology | ​ | ​ | 50,376 | ​ | ​ | 11,205 | ​ | ​ | 39,171 | ​ | 9
Customer relationships | ​ | ​ | 131,578 | ​ | ​ | 29,964 | ​ | ​ | 101,614 | ​ | 11
Trade name/trademark | ​ | ​ | 938 | ​ | ​ | 211 | ​ | ​ | 727 | ​ | 10
Agent network | ​ | ​ | 13,761 | ​ | ​ | 8,148 | ​ | ​ | 5,613 | ​ | 3
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,255 | ​ | ​ | 247 | ​ | ​ | 2,008 | ​ | 34
Patents and trademarks | ​ | ​ | 44,932 | ​ | ​ | 125 | ​ | ​ | 44,807 |  | —
Total | ​ | $ | 247,250 | ​ | $ | 52,868 | ​ | $ | 194,382 | ​ | ​
Schedule of expected future amortization of intangible assets | Expected future amortization of intangible assets as of March 31, 2024 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
Remainder of 2024 (excluding the three months ended March 31, 2024) | ​ | $ | 16,806
2025 | ​ |  | 14,788
2026 | ​ |  | 14,500
2027 | ​ |  | 14,155
2028 | ​ |  | 13,109
Thereafter | ​ |  | 70,747
​ | ​ | $ | 144,105
​

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