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Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Intangible Assets

The components of intangible assets were as follows:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

 

(In thousands)

 

Indefinite-lived intangible asset

 

$

45,275

 

 

n/a

 

 

$

45,275

 

 

$

45,275

 

 

n/a

 

 

$

45,275

 

Amortizing intangible assets

 

 

156,000

 

 

 

(15,750

)

 

 

140,250

 

 

 

156,000

 

 

 

(5,450

)

 

 

150,550

 

Total intangible assets

 

$

201,275

 

 

$

(15,750

)

 

$

185,525

 

 

$

201,275

 

 

$

(5,450

)

 

$

195,825

 

Schedule of Assets Estimated Useful Life Depreciation is recognized on a straight-line basis over the asset’s estimated useful life, which is estimated as follows:

 

 

 

Estimated Useful Life

Data processing equipment and software

 

3 to 7 years

Leasehold improvements

 

Lesser of 15 years or remaining life of lease

Furniture and other equipment

 

5 to 15 years

Property and Equipment

Property and equipment balances were as follows:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

Data processing equipment and software

 

$

132,596

 

 

$

127,151

 

Leasehold improvements

 

 

18,137

 

 

 

18,631

 

Other, principally furniture and equipment

 

 

35,592

 

 

 

36,460

 

 

 

 

186,325

 

 

 

182,242

 

Accumulated depreciation

 

 

(133,668

)

 

 

(115,220

)

Net property and equipment

 

$

52,657

 

 

$

67,022