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Note 4 - Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

4.	Goodwill and Intangible Assets

The change in the carrying amount of goodwill for the three months ended March 31, 2024 was as follows:

(in thousands)
Carrying amount at December 31, 2023	$	57,065
Effect of change in currency translation		(366	)
Carrying amount at March 31, 2024	$	56,699

Intangible assets at March 31, 2024 and December 31, 2023 consisted of the following:

	March 31, 2024							December 31, 2023
(in thousands)			Accumulated							Accumulated
Amortizable intangible assets:	Gross		Amortization			Net		Gross		Amortization			Net
Distribution agreements/customer relationships	$	15,816	$	(9,798	)	$	6,018	$	16,038	$	(9,706	)	$	6,332
Technology and software development		34,987		(27,891	)		7,096		35,007		(27,029	)		7,978
Trade names and patents		7,530		(6,166	)		1,364		7,613		(6,094	)		1,519
Total amortizable intangible assets	$	58,333	$	(43,855	)	$	14,478	$	58,658	$	(42,829	)	$	15,829
Indefinite-lived intangible assets:							200							207
Total intangible assets						$	14,678						$	16,036

Intangible asset amortization expense for the three months ended March 31, 2024 and 2023 was as follows:

	Three Months Ended March 31,
(in thousands)	2024		2023
Cost of revenues	$	44	$	-
Operating expense		1,333		1,388
Total amortization of intangible assets	$	1,377	$	1,388

As of March 31, 2024, estimated future amortization expense of amortizable intangible assets is as follows: