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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets

Schedule of goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2024 and 2023 (in thousands):

​	​	​	​	​	​
​	December 31,
​	2024			2023
Balance at beginning of period	​	​	​	​	​
Goodwill	$	157,972	​	$	151,117
Accumulated impairment losses	​	(49,569)	​	​	—
Subtotal	​	108,403	​	​	151,117
​	​	​	​	​	​
Activity during the period	​	​	​	​	​
Foreign currency adjustment	​	(2,381)	​	​	(284)
Goodwill impairment charge	​	(54,563)	​	​	(49,569)
Goodwill related to Tec4med acquisition		—	​		2,694
Goodwill related to Bluebird Express acquisition	​	201	​	​	4,445
​	​	​	​	​	​
Balance at end of period	​	​	​	​	​
Goodwill	​	155,792	​	​	157,972
Accumulated impairment losses	​	(104,132)	​	​	(49,569)
Total	$	51,660	​	$	108,403

Schedule of intangible assets

The following table presents our intangible assets as of December 31, 2024 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

​

​

​

​

Net

​

Average

​

​

Gross

​

Accumulated

​

​

​

Carrying

​

Amortization

​

Amount

Amortization

Impairment

Amount

Period (years)

Non-compete agreement

​

$

810

​

$

485

​

$

—

​

$

325

4

Technology

​

​

53,207

​

​

16,159

​

​

—

​

​

37,048

​

7

Customer relationships

​

​

131,785

​

​

39,784

​

​

—

​

​

92,001

​

10

Trade name/trademark

​

​

947

​

​

351

​

​

(265)

​

​

331

​

9

Agent network

​

​

14,020

​

​

11,448

​

​

—

​

​

2,572

​

3

Order backlog

​

​

2,600

​

​

2,600

​

​

—

​

​

—

​

—

Land use rights

​

​

2,198

​

​

307

​

​

—

​

​

1,891

​

33

Patents and trademarks

​

​

46,059

​

​

783

​

​

(8,980)

​

​

36,296

​

—

Total

​

$

251,626

​

$

71,917

​

$

(9,245)

​

$

170,464

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

The following table presents our intangible assets as of December 31, 2023 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

​

​

​

​

Net

​

Average

​

​

Gross

​

Accumulated

​

​

​

Carrying

​

Amortization

​

Amount

Amortization

Impairment

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 December 31, 2024 is as follows (in thousands):

​

​	​	​	​
Years Ending December 31,		Amount
2025	​		15,312
2026	​		15,040
2027	​		14,676
2028	​		13,649
2029	​		13,319
Thereafter	​		58,252
​	​	$	130,248

​

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