Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 51

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 51
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):Clear AlignerSystems and ServicesTotalBalance 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, 2025AccumulatedAmortizationAccumulatedImpairment LossNet Carrying Value as of March 31, 2025Existing technology11$146,651 $(56,004)$— $90,647 Customer relationships1021,500 (10,750)— 10,750 Trademarks and tradenames179,800 (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 CarryingAmount as of December 31, 2024AccumulatedAmortizationAccumulated Impairment LossNet CarryingValue as ofDecember 31, 2024Existing 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 

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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,AmortizationRem