v3.22.2.2

Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets

Goodwill and Intangible Assets

(4) Goodwill and Intangible Assets

Indefinite-lived intangible assets consist of IPR&D for the ReShape Vest recorded in connection with the Company’s 2017 acquisition of BarioSurg, Inc. and developed technology recorded in connection with the Obalon acquisition. The Company’s finite-lived intangible assets consists of developed technology, trademarks and tradenames, and covenant not to compete. The estimated useful lives of these finite-lived intangible assets range from 3 to 10 years. The amortization expenses for the three months ended June 30, 2022 and 2021, were $0.5 million and $0.4 million, respectively, and the six months ended June 30, 2022 and 2021 were $0.9 million and $0.8 million, respectively.

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	June 30, 2022
​		Weighted Average Useful Life (years)		Gross Carrying Amount			Accumulated Amortization			Net Book Value
Finite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Developed technology	​	10.8	​	$	17,092	​	$	(5,276)	​	$	11,816
Trademarks/Tradenames	​	10.0	​	​	2,045	​	​	(893)	​	​	1,152
Covenant not to compete	​	3.0	​		76	​		(76)	​		—
​	​	​	​	​	19,213	​	​	(6,245)	​	​	12,968
Indefinite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
In-process research and development	​	indefinite	​	​	6,947	​	​	—	​	​	6,947
Total	​	​	​	$	26,160	​	$	(6,245)	​	$	19,915

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2021
​		Weighted Average Useful Life (years)		Gross Carrying Amount			Accumulated Amortization			Net Book Value
Finite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
Developed technology	​	10.8	​	$	17,092	​	$	(4,467)	​	$	12,625
Trademarks/Tradenames	​	10.0	​	​	2,045	​	​	(790)	​	​	1,255
Covenant not to compete	​	3.0	​		76	​		(76)	​		—
​	​	​	​	​	19,213	​	​	(5,333)	​	​	13,880
Indefinite-lived intangible assets:	​	​	​	​	​	​	​	​	​	​	​
In-process research and development	​	indefinite	​	​	6,947	​	​	—	​	​	6,947
Total	​	​	​	$	26,160	​	$	(5,333)	​	$	20,827

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X

- References

No definition available.

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X

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-URI https://asc.fasb.org/subtopic&trid=2144471

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