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Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Intangible Assets | The components of intangible assets were as follows:
|  | As of March 31, 2024 |  |  | As of December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships 1,2 |  | $ | 4,292 |  |  | $ | (2,440 | ) |  | $ | 1,852 |  |  | $ | 4,292 |  |  | $ | (2,360 | ) |  | $ | 1,932 |
Acquired technology 1,3,4 |  |  | 13,900 |  |  |  | (5,001 | ) |  |  | 8,899 |  |  |  | 13,900 |  |  |  | (4,807 | ) |  |  | 9,093 |
Acquired trademarks 1 |  |  | 570 |  |  |  | (570 | ) |  |  | — |  |  |  | 570 |  |  |  | (570 | ) |  |  | — |
|  | $ | 18,762 |  |  | $ | (8,011 | ) |  | $ | 10,751 |  |  | $ | 18,762 |  |  | $ | (7,737 | ) |  | $ | 11,025 |
1. Certain intangible assets were established upon PDL BioPharma, Inc.’s acquisition of LENSAR in May 2017. They are being amortized on a straight-line basis over a period of 15 years. The intangible assets for customer relationships are amortized on a straight-line basis or a double declining basis over their estimated useful lives up to 20 years based on the method that better represents the economic benefits to be obtained. 2. LENSAR acquired certain intangible assets for customer relationships from a domestic distributor in an asset acquisition, which are being amortized on a straight-line basis over a period of 10 years. 3. LENSAR acquired certain intangible assets from a medical technology company in an asset acquisition, which are being amortized on a straight-line basis over a period of 15 years. 4. In 2019, LENSAR acquired certain intellectual property from a third party. Pursuant to the Company's agreement with the third party, the Company made milestone payments of $2,400 during the year ended December 31, 2022. The intangible assets will be amortized on a straight-line basis over a period of 15 years.
Schedule of Impairment of Underlying Assets, Remaining Amortization Expense | Based on the intangible assets recorded at March 31, 2024, and assuming no subsequent additions to or impairment of the underlying assets, the remaining amortization expense is expected to be as follows:
Fiscal Year |  | Amount |
Remainder of 2024 |  |  | 812 |
2025 |  |  | 1,074 |
2026 |  |  | 1,224 |
2027 |  |  | 1,215 |
2028 |  |  | 1,008 |
2029 |  |  | 1,003 |
Thereafter |  |  | 4,415 |
Total remaining estimated amortization expense |  | $ | 10,751 |

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