Quarterly report pursuant to Section 13 or 15(d)

GOODWILL & INTANGIBLE ASSETS (Tables)

v3.21.2
GOODWILL & INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2021
GOODWILL & INTANGIBLE ASSETS  
Schedule of goodwill activity

Goodwill

Balance at December 31, 2019

$

2,252

Balance at December 31, 2020

$

2,252

Acquisition of EnvisionTEC

198,369

Acquisition of Adaptive3D

35,265

Acquisition of Aerosint

14,581

Acquisition of Dental Arts Labs

9,089

Acquisition of A.I.D.R.O.

3,481

Foreign currency translation adjustment

(694)

Balance at September 30, 2021

$

262,343

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

    

    

    

Accumulated

    

Balance

Gross Value

Estimated Life

Amortization

September 30, 2021

Acquired technology

$

126,285

5 – 12 years

$

8,423

$

117,862

Trade name

10,515

4 – 13 years

474

10,041

Customer relationships

55,392

10 – 10.5 years

3,166

52,226

Total intangible assets

$

192,192

$

12,063

$

180,129

Schedule of future amortization expense

The Company expects to recognize the following amortization expense (in thousands):

Amortization

2021 (remaining 3 months)

$

4,446

2022

19,099

2023

20,800

2024

21,160

2025

21,545

2026 and after

93,079

Total intangible amortization

$

180,129