v3.25.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill

The change in the carrying value of goodwill for the three months ended March 31, 2025, categorized by reportable segment, is as follows (in thousands):
Clear AlignerSystems and ServicesTotal
Balance as of December 31, 2024
$152,645 $289,985 $442,630 
Foreign currency translation adjustments
3,534 11,447 14,981 
Balance as of March 31, 2025
$156,179 $301,432 $457,611 

Finite-Lived Intangible Assets

Acquired finite-lived intangible assets, excluding intangibles that were fully amortized, are as follows (in thousands): 
Weighted Average Amortization Period
(in years)
Gross Carrying Amount as of
March 31, 2025
Accumulated
Amortization
Accumulated
Impairment Loss
Net Carrying
Value as of
March 31, 2025
Existing technology11$146,651 $(56,004)$— $90,647 
Customer relationships1021,500 (10,750)— 10,750 
Trademarks and tradenames1
79,800 (7,000)— 2,800 
Patents 12480 (290)— 190 
$178,431 $(74,044)$— 104,387 
Foreign currency translation adjustments(1,637)
Total intangible assets, net$102,750 
1 The Weighted Average Amortization Period decreased from 10 years to 7 years due an intangible asset with a useful life of 15 years becoming fully amortized during the current quarter.

Weighted Average Amortization Period
(in years)
Gross Carrying
Amount as of December 31, 2024
Accumulated
Amortization
Accumulated Impairment Loss
Net Carrying
Value as of
December 31, 2024
Existing technology11$146,651 $(52,238)$— $94,413 
Customer relationships1021,500 (10,079)— 11,421 
Trademarks and tradenames1016,600 (9,255)(4,122)3,223 
Patents12480 (280)— 200 
$185,231 $(71,852)$(4,122)109,257 
Foreign currency translation adjustments(5,769)
Total intangible assets, net$103,488 
The total estimated future amortization expense for these acquired finite-lived intangible assets as of March 31, 2025, is as follows (in thousands):
Fiscal Year Ending December 31,Amortization
Remainder of 2025
$13,827 
202617,923 
202715,607 
202814,505 
202914,505 
20306,328 
Thereafter21,692 
Total$104,387 

Amortization expense for the three months ended March 31, 2025 and 2024 was $4.6 million and $5.0 million, respectively.