Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following tables summarize the Company’s intangible assets (dollars in thousands):

	December 31, 2022
	Weighted average amortization period in years		Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible Assets
Amortizing intangible assets:
Customer Relationships		15	$	36,652	$	2,638	$	34,014
Trade Names		10		841		97		744
Developed Technology		5		739		182		557
Vendor Relationships		15		1,267		299		968
Database		5		2,400		510		1,890
Patents		17		157		42		115
Subtotal intangible assets				42,056		3,768		38,288
In-place Lease Intangible Asset		4		548		143		405
Above Market Lease Intangible Asset		4		896		238		658
Total intangible assets			$	43,500	$	4,149	$	39,351

	December 31, 2021
	Weighted average amortization period in years		Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible Assets
Amortizing intangible assets:
Customer Relationships		15	$	37,139	$	674	$	36,465
Trade Names		9		973		147		826
Developed Technology		4		1,502		605		897
Vendor Relationships		15		1,404		226		1,178
Database		5		2,400		30		2,370
Total intangible assets			$	43,418	$	1,682	$	41,736

Schedule of Carrying Amount of Goodwill

The following tables provides a roll forward of the carrying amount of goodwill (in thousands):

	2022			2021
Balance as of January 1:
Gross goodwill	$	257,746		$	3,907
Accumulated impairments		(3,074	)		(3,074	)
Net goodwill as of January 1		254,672			833
Goodwill adjustment during the year(1)		3,364			253,839
Net goodwill as of December 31, 2022, and December 31, 2021	$	258,036		$	254,672

(1) See Note 13 - Acquisitions.

Schedule of Amortization Expense

Amortization expense for the year ended December 31, 2022, 2021 and 2020 was as follows (in thousands):

	Year Ended December 31,
	2022		2021		2020
Sales and marketing	$	3,102		289		642
Operations and support		-		-		3
Product development		325		166		177
General and administrative (1)		9		9		11
Total	$	3,436	$	464	$	833

(1) Amortization of the lease related intangible assets is recorded as operating lease expense in general and administrative.