GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill by reportable segment was as follows:

	North America		Europe		Russia		Total
Balance as of January 1, 2020	$	113,426	$	80,873	$	744	$	195,043
2020 Acquisitions	6,042		6,903		—		12,945
test IO purchase accounting adjustments	863		(1,089)		—		(226)
Other 2019 Acquisitions purchase accounting adjustments	219		259		21		499
Effect of net foreign currency exchange rate changes	582		3,160		(47)		3,695
Balance as of December 31, 2020	121,132		90,106		718		211,956
Emakina acquisition	—		136,614		—		136,614
PolSource acquisition	75,203		50,136		—		125,339
CORE acquisition	—		23,234		—		23,234
Other 2021 Acquisitions	21,875		18,830		—		40,705
2020 Acquisitions purchase accounting adjustments	—		(24)		—		(24)
Effect of net foreign currency exchange rate changes	(616)		(6,483)		(2)		(7,101)
Balance as of December 31, 2021	$	217,594	$	312,413	$	716	$	530,723

The Russia segment had accumulated goodwill impairment losses of $2.2 million as of December 31, 2021, 2020 and 2019. There were no accumulated goodwill impairment losses in the North America or Europe reportable segments as of December 31, 2021, 2020 or 2019.

Intangible assets other than goodwill as of December 31, 2021 and 2020 were as follows:

	As of December 31, 2021
	Weighted average life at acquisition (in years)	Gross carrying amount		Accumulated amortization		Net  carrying amount
Customer relationships	10	$	156,118	$	(64,441)	$	91,677
Trade names	6	10,933		(6,086)		4,847
Software	6	6,223		(2,639)		3,584
Contract royalties	8	1,900		(910)		990
Assembled workforce	3	161		(116)		45
Total		$	175,335	$	(74,192)	$	101,143

	As of December 31, 2020
	Weighted average life at acquisition (in years)	Gross carrying amount		Accumulated amortization		Net  carrying amount
Customer relationships	9	$	94,169	$	(49,415)	$	44,754
Trade names	5	6,495		(5,273)		1,222
Software	6	6,309		(1,633)		4,676
Contract royalties	8	1,900		(673)		1,227
Assembled workforce	3	157		(61)		96
Total		$	109,030	$	(57,055)	$	51,975

All of the intangible assets other than goodwill have finite lives and as such are subject to amortization. Amortization of the other intangible assets is recognized in depreciation and amortization expense in the consolidated statements of income.

The following table presents amortization expense recognized for the periods indicated:

	For the Years Ended December 31,
	2021		2020		2019
Customer relationships	$	15,399	$	10,478	$	8,743
Software	1,114		1,068		486
Trade names	842		495		447
Contract royalties	238		238		238
Assembled workforce	53		61		—
Total	$	17,646	$	12,340	$	9,914

Based on the carrying value of the Company’s existing intangible assets as of December 31, 2021, the estimated amortization expense for the future years is as follows:

Year ending December 31,	Amount
2022	$	23,527
2023	22,219
2024	19,472
2025	15,522
2026	11,027
Thereafter	9,376
Total	$	101,143