ESTABLISHMENT LABS HOLDINGS INC. - 10-Q filing on 2021-11-09

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

There were no changes in the carrying amount of goodwill during the nine months ended September 30, 2021:



	Balance as of January 1, 2021		Additions		Accumulated Impairment Losses		Balance as of September 30, 2021

	(in thousands)
Goodwill	$	465	$	—	$	—	$	465

Schedule of Finite-Lived Intangible Assets

The carrying amounts of these intangible assets other than goodwill as of September 30, 2021 were as follows:



	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives

	(in thousands)						(in years)
Patents and license rights	$	1,736	$	(1,091)	$	645	7-12
Customer relationships	2,033		(1,710)		323		4-10
510(k) authorization	567		(222)		345		15
Developed technology	62		(50)		12		10
Capitalized software development costs	2,652		(660)		1,992		2-5
Other	75		(29)		46		2-5
Capitalized patents and license rights not yet amortized	291		—		291
	$	7,416	$	(3,762)	$	3,654

The carrying amounts of intangible assets other than goodwill as of December 31, 2020 were as follows:



	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives

	(in thousands)						(in years)
Patents and license rights	$	1,736	$	(951)	$	785	7-12
Customer relationships	2,033		(1,297)		736		4-10
510(k) authorization	567		(194)		373		15
Developed technology	62		(46)		16		10
Capitalized software development costs	2,203		(302)		1,901		2-5
Other	75		(29)		46		2-5
Capitalized patents and license rights not yet amortized	291		—		291
	$	6,967	$	(2,819)	$	4,148

Schedule of Indefinite-Lived Intangible Assets

The carrying amounts of these intangible assets other than goodwill as of September 30, 2021 were as follows:



	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives

	(in thousands)						(in years)
Patents and license rights	$	1,736	$	(1,091)	$	645	7-12
Customer relationships	2,033		(1,710)		323		4-10
510(k) authorization	567		(222)		345		15
Developed technology	62		(50)		12		10
Capitalized software development costs	2,652		(660)		1,992		2-5
Other	75		(29)		46		2-5
Capitalized patents and license rights not yet amortized	291		—		291
	$	7,416	$	(3,762)	$	3,654

The carrying amounts of intangible assets other than goodwill as of December 31, 2020 were as follows:



	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives

	(in thousands)						(in years)
Patents and license rights	$	1,736	$	(951)	$	785	7-12
Customer relationships	2,033		(1,297)		736		4-10
510(k) authorization	567		(194)		373		15
Developed technology	62		(46)		16		10
Capitalized software development costs	2,203		(302)		1,901		2-5
Other	75		(29)		46		2-5
Capitalized patents and license rights not yet amortized	291		—		291
	$	6,967	$	(2,819)	$	4,148

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of September 30, 2021, the amortization expense related to identifiable intangible assets, with definite useful lives, in future periods is expected to be as follows:



Year Ending December 31,	(in thousands)
2021 (remaining)	$	251
2022	906
2023	648
2024	622
2025	424
Thereafter	512
Total	$	3,363