Company: ICUI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000883984-25-000035
Chunk: 148

Company: ICU MEDICAL INC/DE
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 148
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, Net

Goodwill    The following table presents the changes in the carrying amount of our goodwill (in thousands):TotalBalance as of January 1, 2025$1,432,772 Currency translation65,995 Balance as of September 30, 2025$1,498,767 Intangible Assets, Net    Intangible assets, carried at cost less accumulated amortization and amortized on a straight-line basis, were as follows (in thousands):

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ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 Weighted-Average Amortization Life in YearsSeptember 30, 2025 CostAccumulatedAmortizationNetPatents10$39,997 $24,794 $15,203 Customer contracts1210,060 7,321 2,739 Non-contractual customer relationships8561,041 288,073 272,968 Trademarks15,425 5,425 — Trade name1518,247 9,270 8,977 Developed technology(1) 10625,973 277,434 348,539 Non-compete39,100 9,100 — Total amortized intangible assets $1,269,843 $621,417 $648,426 Internally developed software(2) $16,401 $16,401 Total intangible assets$1,286,244 $621,417 $664,827 ______________________________ (1)    Developed technology primarily consists of acquired patented technologies and internally developed software. Upon completion of development, the assets are amortized over their estimated useful lives. (2)    Internally developed software will be reclassified to developed technology and amortized when the projects are complete and the assets are ready for their intended use. Weighted-Average Amortization Life in YearsDecember 31, 2024 CostAccumulatedAmortizationNetPatents10$36,811 $22,913 $13,898 Customer contracts129,818 6,994 2,824 Non-contractual customer relationships8546,404 236,267 310,137 Trademarks15,425 5,425 — Trade name1518,239 8,357 9,882