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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite lives were $154.8 million as of each of December 31, 2022 and 2021, respectively. Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

 

December 31, 2022

 

 

December 31, 2021

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

(In thousands)

 

Customer relationships

$

129,991

 

 

$

(34,310

)

 

$

95,681

 

 

$

132,197

 

 

$

(19,813

)

 

$

112,384

 

Technology and other intangibles

 

11,430

 

 

 

(9,046

)

 

 

2,384

 

 

 

11,430

 

 

 

(7,437

)

 

 

3,993

 

Total

$

141,421

 

 

$

(43,356

)

 

$

98,065

 

 

$

143,627

 

 

$

(27,250

)

 

$

116,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense associated with identifiable intangible assets was $16.4 million, $13.4 million and $3.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Annual estimated total amortization expense is $17.3 million, $14.9 million, $12.0 million, $10.3 million and $9.0 million for the years ended December 31, 2023 through 2027, respectively.