XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2022
Intangible Assets and Goodwill  
Schedule of components of intangible assets

The following table provides the components of the Company’s intangible assets (in thousands, except weighted average amortization period in years):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

    

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

​

​

​

​

​

Average

​

As of June 30, 2022

​

As of December 31, 2021

​

​

​

Amortization

​

Initial

​

Accumulated

​

Net

​

Initial

​

Accumulated

​

Net

​

​

​

Period

​

Cost

​

Amortization

​

Balance

​

Cost

​

Amortization

​

Balance

Franchise agreements

​

​

12.7

​

$

267,088

​

$

(135,105)

​

$

131,983

​

$

267,770

​

$

(123,938)

​

$

143,832

Other intangible assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Software (a)

​

​

4.0

​

$

48,176

​

$

(27,335)

​

$

20,841

​

$

51,368

​

$

(29,682)

​

$

21,686

Trademarks

​

​

8.3

​

​

2,361

​

​

(1,708)

​

​

653

​

​

2,356

​

​

(1,533)

​

​

823

Non-compete agreements

​

​

4.3

​

​

13,149

​

​

(3,332)

​

​

9,817

​

​

13,100

​

​

(4,563)

​

​

8,537

Training materials

​

​

5.0

​

​

2,400

​

​

(1,840)

​

​

560

​

​

2,400

​

​

(1,600)

​

​

800

Other

​

​

6.6

​

​

870

​

​

(354)

​

​

516

​

​

1,670

​

​

(986)

​

​

684

Total other intangible assets

​

​

4.3

​

$

66,956

​

$

(34,569)

​

$

32,387

​

$

70,894

​

$

(38,364)

​

$

32,530

​

(a)As of June 30, 2022 and December 31, 2021, capitalized software development costs of $4.7 million and $1.9 million, respectively, were related to technology projects not yet complete and ready for their intended use and thus were not subject to amortization.
Schedule of estimated future amortization of intangible assets, other than goodwill

As of June 30, 2022, the estimated future amortization expense related to intangible assets includes the estimated amortization expense associated with the Company’s intangible assets assumed with the Company’s acquisitions (in thousands):

​

​

​

​

Remainder of 2022

​

$

15,631

2023

​

​

30,878

2024

​

​

25,591

2025

​

​

20,640

2026

​

​

14,606

Thereafter

​

​

57,024

​

​

$

164,370

Schedule of changes to goodwill

The following table presents changes to goodwill by reportable segment (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Real Estate

​

Mortgage

​

Total

Balance, January 1, 2022

​

$

250,482

​

$

18,633

​

$

269,115

Purchase price adjustments

​

​

(332)

​

​

—

​

​

(332)

Effect of changes in foreign currency exchange rates

​

​

(729)

​

​

—

​

​

(729)

Balance, June 30, 2022

​

$

249,421

​

$

18,633

​

$

268,054