Summary of Goodwill by Reportable Segment |
The change in the carrying value of goodwill for the nine months ended September 30, 2021, categorized by reportable segments, is as follows (in thousands): | | | | | | | | | | | | | | | | | | | Clear Aligner | | Systems and Services | | Total | Balance as of December 31, 2020 | $ | 112,691 | | | $ | 332,126 | | | $ | 444,817 | | Additions from acquisition | 3,646 | | | — | | | 3,646 | | Foreign currency translation adjustments | (3,062) | | | (18,807) | | | (21,869) | | Balance as of September 30, 2021 | $ | 113,275 | | | $ | 313,319 | | | $ | 426,594 | |
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Schedule of Amortized Intangible Assets |
Acquired intangible long-lived assets were as follows, excluding intangibles that were fully amortized (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Amortization Period (in years) | | Gross Carrying Amount as of September 30, 2021 | | Accumulated Amortization | | Accumulated Impairment Loss | | Net Carrying Value as of September 30, 2021 | Existing technology | 10 | | $ | 104,531 | | | $ | (19,923) | | | $ | (4,328) | | | $ | 80,280 | | Customer relationships | 11 | | 55,000 | | | (24,888) | | | (10,751) | | | 19,361 | | Trademarks and tradenames | 10 | | 16,600 | | | (4,087) | | | (4,179) | | | 8,334 | | Patents and other | 8 | | 6,511 | | | (4,296) | | | — | | | 2,215 | | | | | $ | 182,642 | | | $ | (53,194) | | | $ | (19,258) | | | 110,190 | | Foreign currency translation | | | | | | | | | 5,604 | | Total intangible assets | | | | | | | | | $ | 115,794 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Amortization Period (in years) | | Gross Carrying Amount as of December 31, 2020 | | Accumulated Amortization | | Accumulated Impairment Loss | | Net Carrying Value as of December 31, 2020 | Existing technology | 10 | | $ | 99,400 | | | $ | (12,719) | | | $ | (4,328) | | | $ | 82,353 | | Customer relationships | 11 | | 55,000 | | | (21,879) | | | (10,751) | | | 22,370 | | Trademarks and tradenames | 10 | | 16,600 | | | (2,934) | | | (4,179) | | | 9,487 | | Patents and other | 8 | | 6,610 | | | (3,785) | | | — | | | 2,825 | | | | | 177,610 | | | (41,317) | | | (19,258) | | | 117,035 | | Foreign currency translation | | | | | | | | | 13,037 | | Total intangible assets | | | | | | | | | $ | 130,072 | |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The total estimated annual future amortization expense for these acquired intangible assets as of September 30, 2021 is as follows (in thousands): | | | | | | | | | Fiscal Year Ending December 31, | | Amortization | Remainder of 2021 | | $ | 4,158 | | 2022 | | 15,392 | | 2023 | | 14,772 | | 2024 | | 13,831 | | 2025 | | 13,455 | | Thereafter | | 48,582 | | Total | | $ | 110,190 | |
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