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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets

Intangible assets at December 31 were as follows:

December 31, 2023

 

Intangible Assets

 

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Patents

 

5-15 years

 

$

16,040

 

 

$

(15,699

)

 

$

(245

)

 

$

96

 

 Developed product technology

 

2-10 years

 

 

169,499

 

 

 

(122,788

)

 

 

(6,192

)

 

 

40,519

 

 Customer relationships

 

7-12 years

 

 

62,465

 

 

 

(46,656

)

 

 

(1,671

)

 

 

14,138

 

 Software license and other

 

3-4 years

 

 

2,743

 

 

 

(2,677

)

 

 

(62

)

 

 

4

 

 Total amortized intangible assets

 

 

 

 

250,747

 

 

 

(187,820

)

 

 

(8,170

)

 

 

54,757

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

 

Indefinite

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Trademarks and trade names

 

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,123

)

 

 

9,180

 

 Total Intangible assets with indefinite lives

 

 

 

 

10,303

 

 

 

-

 

 

 

(1,123

)

 

 

9,180

 

Total intangible assets

 

 

 

$

261,050

 

 

$

(187,820

)

 

$

(9,293

)

 

$

63,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

Intangible Assets

 

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

5-15 years

 

$

16,040

 

 

$

(15,437

)

 

$

(234

)

 

$

369

 

Developed product technology

 

2-10 years

 

 

169,499

 

 

 

(111,639

)

 

 

(6,176

)

 

 

51,684

 

Customer relationships

 

7-12 years

 

 

62,465

 

 

 

(42,784

)

 

 

(1,672

)

 

 

18,009

 

Software license and other

 

3-4 years

 

 

2,743

 

 

 

(2,677

)

 

 

(59

)

 

 

7

 

 Total amortized intangible assets

 

 

 

 

250,747

 

 

 

(172,537

)

 

 

(8,141

)

 

 

70,069

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

 

Indefinite

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Trademarks and trade names

 

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,235

)

 

 

9,068

 

 Total Intangible assets with indefinite lives

 

 

 

 

10,303

 

 

 

-

 

 

 

(1,235

)

 

 

9,068

 

Total intangible assets

 

 

 

$

261,050

 

 

$

(172,537

)

 

$

(9,376

)

 

$

79,137

 

Schedule of Expected Amortization Expense The schedule below sets future amortization expense of our currently owned intangible assets:

2024

 

$

14,899

 

2025

 

 

13,904

 

2026

 

 

12,340

 

2027

 

 

11,348

 

2028

 

 

878

 

2029 and thereafter

 

 

1,388

 

Total

 

$

54,757