XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Intangible Assets and Goodwill
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
The table below summarizes the Company’s intangible assets at March 31, 2023 and December 31, 2022 (in thousands):
Useful
Life
(Years)		Weighted
Average
Remaining
Life
(Years)		March 31, 2023
Intangible AssetsAccumulated Amortization Net Balance
Customer relationships
2
0.7$32,597 $(29,624)$2,973 
Trade names
2 - 9
5.938,849 (13,167)25,682 
Software and technology
3 - 9
5.7204,188 (65,438)138,750 
Total$275,634 $(108,229)$167,405 
Useful
Lives
(Years)		Weighted
Average
Remaining
Life
(Years)		December 31, 2022
Intangible AssetsAccumulated AmortizationNet Balance
Customer relationships
2
1.2$32,433 $(28,421)$4,012 
Trade names
2 - 9
6.238,837 (12,018)26,819 
Software and technology
3 - 9
5.8200,222 (59,221)141,001 
Total$271,492 $(99,660)$171,832 
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $8.4 million and $11.1 million for the three months ended March 31, 2023 and 2022, respectively.
The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):
Year ended December 31, Future Amortization
2023$31,222 
202428,819 
202527,001 
202624,969 
202724,651 
Thereafter30,743 
Total$167,405 
Goodwill
The following table is a summary of the changes to goodwill for the three months ended March 31, 2023 (in thousands):
Balance - December 31, 2022
$618,506 
Foreign currency translation adjustment2,392 
Balance - March 31, 2023
$620,898