Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

(5) Goodwill and Intangible Assets

Goodwill:

All goodwill reported at June 30, 2024 and December 31, 2023 is allocated to our Healthcare Solutions reportable segment. The change in the goodwill balance between December 31, 2023 and June 30, 2024 reflects the impact of changes in foreign exchange rates on the portion of our goodwill balance that is recorded in currencies other that the U.S. dollar in the financial statements of foreign subsidiaries.

Intangible Assets:

At June 30, 2024 and December 31, 2023, the Company's intangible assets, all of which have finite lives, were as follows:

	June 30, 2024						December 31, 2023
(in thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets with finite lives:
Customer relationships	$	51,837	$	(50,419)	$	1,418	$	54,565	$	(52,796)	$	1,769
Acquired technology	46,558		(14,993)		31,565		47,515		(13,268)		34,247
Trade names	26,275		(14,605)		11,670		26,938		(14,059)		12,879
Patent costs	19,847		(11,458)		8,389		19,579		(11,350)		8,229
Acquired patents	16,444		(14,862)		1,582		16,503		(14,822)		1,681
Other	9,698		(6,046)		3,652		13,711		(9,792)		3,919
Total intangible assets	$	170,659	$	(112,383)	$	58,276	$	178,811	$	(116,087)	$	62,724

Amortization expense related to intangible assets was $2,143 and $4,139 for the three and six months ended June 30, 2024, respectively, compared to $3,258 and $6,497 for the three and six months ended June 30, 2023, respectively. Amortization expense for intangible assets is estimated to be $3,983 for the remainder of 2024, $7,957 in 2025, $7,888 in 2026, $6,799 in 2027 and $6,534 in 2028.