XML 31 R15.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

In the third quarter of fiscal 2021, we completed the AffloVest Acquisition. The purchase price of the AffloVest business exceeded the net acquisition-date estimated fair value amounts of the identifiable assets acquired and the liabilities assumed by $31.1 million, which was assigned to goodwill. 

​

Intangible Assets

Our patents and other intangible assets are summarized as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Weighted-	​	At December 31, 2022
​	​	Average	​	Gross		​	​		​	​
​	​	Amortization	​	Carrying		​	Accumulated		​	Net
(In thousands)		Period	​	Amount		​	Amortization		​	Amount
Definite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Patents	​	12 years	​	$	897	​	$	173	​	$	724
Defensive intangible assets	​	2 years	​	​	1,126	​	​	764	​	​	362
Customer accounts	​	< 1 year	​	​	125	​	​	114	​	​	11
Customer relationships	​	12 years	​	​	31,000	​	​	3,127	​	​	27,873
Developed technology	​	10 years	​	​	13,000	​	​	1,550	​	​	11,450
Subtotal	​	​	​	​	46,148	​	​	5,728	​	​	40,420
Unamortized intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Tradenames	​	​	​	​	9,500	​	​	—	​	​	9,500
Patents pending	​	​	​	​	455	​	​	—	​	​	455
Total intangible assets	​	​	​	$	56,103	​	$	5,728	​	$	50,375

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Weighted-	​	At December 31, 2021
​	​	Average	​	Gross		​	​		​	​
​	​	Amortization	​	Carrying		​	Accumulated		​	Net
(In thousands)		Period	​	Amount		​	Amortization		​	Amount
Definite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Patents	​	12 years	​	$	666	​	$	109	​	$	557
Defensive intangible assets	​	3 years	​	​	1,125	​	​	592	​	​	533
Customer accounts	​	1 year	​		125	​		89	​		36
Customer relationships	​	13 years	​	​	31,000	​	​	742	​	​	30,258
Developed technology	​	11 years	​	​	13,000	​	​	368	​	​	12,632
Subtotal	​	​	​	​	45,916	​	​	1,900	​	​	44,016
Unamortized intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Tradenames	​	​	​	​	9,500	​	​	—	​	​	9,500
Patents pending	​	​	​	​	565	​	​	—	​	​	565
Total intangible assets	​	​	​	$	55,981	​	$	1,900	​	$	54,081

​

Amortization expense was $3.8 million, $1.4 million, and $0.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. Future amortization expenses are expected as follows:

​

​	​	​	​
(In thousands)	​	​	​
2023		$	3,808
2024	​	​	3,787
2025	​		3,697
2026	​		3,633
2027	​		3,623
Thereafter	​		21,872
Total	​	$	40,420

​

The weighted-average remaining amortization period for these intangible assets was 11.0 years as of December 31, 2022.

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 goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI https://asc.fasb.org/topic&trid=2144416

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration