Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 130

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 130
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ed 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 

14 

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,AmortizationRemainder 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.

Note 6. Credit Facility

We have a credit facility, as amended in December 2022, that provides for