LEMAITRE VASCULAR INC Goodwill & Intangibles Disclosure
5. Other Intangibles
Other intangibles consisted of the following:
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December 31, 2025 |
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December 31, 2024 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Value |
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Amortization |
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Value |
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Value |
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Amortization |
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Value |
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(in thousands) |
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Product technology and intellectual property |
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$ |
29,549 |
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$ |
21,290 |
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$ |
8,259 |
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$ |
29,549 |
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$ |
18,709 |
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$ |
10,840 |
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Trademarks, tradenames and licenses |
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3,767 |
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2,599 |
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1,168 |
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3,767 |
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2,261 |
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1,506 |
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Customer relationships |
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39,366 |
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16,356 |
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23,010 |
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37,171 |
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13,709 |
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23,462 |
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Other intangible assets |
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2,255 |
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1,603 |
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|
652 |
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1,536 |
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1,525 |
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11 |
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Total identifiable intangible assets |
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$ |
74,937 |
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$ |
41,848 |
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$ |
33,089 |
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$ |
72,023 |
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$ |
36,204 |
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$ |
35,819 |
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Intangible assets consist primarily of customer relationships, purchased developed technology, trademarks, licenses, and non-compete provisions, and are amortized over their estimated useful lives. The weighted-average amortization period for these intangibles as of December 31, 2025, is 7.7 years. The Company includes amortization expense in general and administrative expense as follows:
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Year ended December 31, |
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2025 |
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2024 |
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2023 |
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(in thousands) |
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Amortization expense |
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$ |
5,644 |
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$ |
5,785 |
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$ |
6,092 |
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Estimated amortization expense for each of the next five fiscal years, based upon the intangible assets at December 31, 2025, is as follows:
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Year ended December 31, |
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2026 |
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2027 |
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2028 |
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2029 |
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2030 |
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(in thousands) |
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Amortization expense |
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$ |
5,565 |
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$ |
5,252 |
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$ |
4,853 |
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$ |
4,820 |
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$ |
3,778 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 11, 2019 | |
| 2017 | Mar 9, 2018 | |
| 2016 | Mar 9, 2017 | |
| 2015 | Mar 10, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.