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Goodwill and Intangible Assets (Tables)

3 Months Ended

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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