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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 5. Goodwill and Intangible Assets Goodwill In the third quarter of fiscal 2021, we completed the AffloVest Acquisition. The purchase price of the AffloVest product line 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 March 31, 2025
​ | ​ | Average | ​ | Gross | ​ | ​ | ​ | ​
​ | ​ | Amortization | ​ | Carrying | ​ | Accumulated | ​ | Net
(In thousands) |  | Period | ​ | Amount | ​ | Amortization | ​ | Amount
Definite-lived intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Patents | ​ | 11 years | ​ | $ | 1,131 | ​ | $ | 338 | ​ | $ | 793
Defensive intangible assets | ​ | < 1 year | ​ | ​ | 1,125 | ​ | ​ | 1,102 | ​ | ​ | 23
Customer accounts | ​ | — | ​ | ​ | 125 | ​ | ​ | 125 | ​ | ​ | —
Customer relationships | ​ | 9 years | ​ | ​ | 31,000 | ​ | ​ | 8,492 | ​ | ​ | 22,508
Developed technology | ​ | 7 years | ​ | ​ | 13,000 | ​ | ​ | 4,209 | ​ | ​ | 8,791
Subtotal | ​ | ​ | ​ | ​ | 46,381 | ​ | ​ | 14,266 | ​ | ​ | 32,115
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tradenames | ​ | ​ | ​ | ​ | 9,500 | ​ | ​ | — | ​ | ​ | 9,500
Patents pending | ​ | ​ | ​ | ​ | 251 | ​ | ​ | — | ​ | ​ | 251
Total intangible assets | ​ | ​ | ​ | $ | 56,132 | ​ | $ | 14,266 | ​ | $ | 41,866
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted- | ​ | At December 31, 2024
​ | ​ | Average | ​ | Gross | ​ | ​ | ​ | ​
​ | ​ | Amortization | ​ | Carrying | ​ | Accumulated | ​ | Net
(In thousands) |  | Period | ​ | Amount | ​ | Amortization | ​ | Amount
Definite-lived intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Patents | ​ | 12 years | ​ | $ | 1,148 | ​ | $ | 333 | ​ | $ | 815
Defensive intangible assets | ​ | < 1 year | ​ | ​ | 1,125 | ​ | ​ | 1,065 | ​ | ​ | 60
Customer accounts | ​ | — | ​ | ​ | 125 | ​ | ​ | 125 | ​ |  | —
Customer relationships | ​ | 10 years | ​ | ​ | 31,000 | ​ | ​ | 7,896 | ​ | ​ | 23,104
Developed technology | ​ | 8 years | ​ | ​ | 13,000 | ​ | ​ | 3,913 | ​ | ​ | 9,087
Subtotal | ​ | ​ | ​ | ​ | 46,398 | ​ | ​ | 13,332 | ​ | ​ | 33,066
Unamortized intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tradenames | ​ | ​ | ​ | ​ | 9,500 | ​ | ​ | — | ​ | ​ | 9,500
Patents pending | ​ | ​ | ​ | ​ | 223 | ​ | ​ | — | ​ | ​ | 223
Total intangible assets | ​ | ​ | ​ | $ | 56,121 | ​ | $ | 13,332 | ​ | $ | 42,789
​ ​ Amortization expense was $1.0 million and $0.9 million for the three months ended March 31, 2025 and 2024, respectively, of which $0.3 million in each of the three months ended March 31, 2025 and 2024, was recorded in cost of sales revenue. Future amortization expenses are expected as follows: ​
​ | ​ | ​ | ​
(In thousands) | ​ | ​ | ​
2025 (April 1 - December 31) |  | $ | 2,764
2026 | ​ | ​ | 3,650
2027 | ​ |  | 3,641
2028 | ​ |  | 3,638
2029 | ​ |  | 3,633
Thereafter | ​ |  | 14,789
Total | ​ | $ | 32,115
​ In the third quarter of 2024, we performed our annual goodwill impairment test utilizing both the qualitative and quantitative approach described in FASB ASU No. 2021-03, “Intangibles—Goodwill and Other (Topic 350) – Accounting Alternative for Evaluating Triggering Events.” Based on the testing using the qualitative approach, it was determined that it was not more likely than not that the fair value of the reporting unit was less than the carrying value. As a result, it was not deemed necessary to proceed to the quantitative test and no impairment was recognized.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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