Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.22.1
Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets net

Intangible assets, net, consisted of the following:

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2022

 

 

2021

 

Intangible assets, gross

 

$

93,344

 

 

$

93,244

 

Capitalized patent costs not yet subject to amortization

 

 

971

 

 

 

869

 

Intangible assets subject to amortization, gross

 

 

92,373

 

 

 

92,375

 

Accumulated amortization

 

 

(9,766

)

 

 

(8,585

)

Intangible assets subject to amortization, net

 

 

82,607

 

 

 

83,790

 

Total intangible assets, net

 

$

83,578

 

 

$

84,659

 

Schedule of Goodwill

Changes in the carrying amount of goodwill were as follows:

 

 

March 31,

 

(in thousands)

 

2022

 

Balance at beginning of year

 

$

62,649

 

Adjustment of estimate of fair value of liabilities assumed related to Danimer Catalytic Technologies acquisition

 

 

14

 

Balance at end of year

 

$

62,663