GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

5. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the change in the goodwill balances for the year ended December 31, 2021 and the nine months ended September 30, 2022:

	December 31,		September 30,
	2021		2022
Balance beginning of period:
Goodwill	$	1,278,183	$	1,947,939
Cumulative impairment losses		(22,624)		(22,624)
		1,255,559		1,925,315
Goodwill acquired		677,195		181,302
Other		(7,439)		(13,830)
		669,756		167,472
Balance end of period:
Goodwill		1,947,939		2,115,411
Cumulative impairment losses		(22,624)		(22,624)
	$	1,925,315	$	2,092,787

The following table summarizes the amortizing acquired intangible assets at December 31, 2021:

	Gross Carry		Accumulated		Net Book
	Amount		Amortization		Value
Customer relationships	$	2,228,461	$	(787,016)	$	1,441,445
Management contracts		191,578		(57,153)		134,425
Other acquired intangibles		10,911		(5,062)		5,849
Total	$	2,430,950	$	(849,231)	$	1,581,719

The following table summarizes the amortizing acquired intangible assets at September 30, 2022:

	Gross Carry		Accumulated		Net Book
	Amount		Amortization		Value
Customer relationships	$	2,460,851	$	(962,690)	$	1,498,161
Management contracts		199,761		(66,860)		132,901
Other acquired intangibles		13,219		(6,465)		6,754
Total	$	2,673,831	$	(1,036,015)	$	1,637,816