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Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Intangible assets:

 

 

 

 

 

 

Finite-lived intangible assets:

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

Customer relationships

 

 

145,051

 

 

 

145,051

 

Accumulated amortization:

 

 

 

 

 

 

Customer relationships

 

 

(136,175

)

 

 

(135,337

)

Total finite-lived intangible assets, net

 

 

8,876

 

 

 

9,714

 

Trade name (indefinite-lived)

 

 

31,646

 

 

 

31,646

 

Total intangible assets, net

 

$

40,522

 

 

$

41,360

 

Schedule of Estimated Amortization Expense of Intangible Assets

As of March 31, 2022, estimated amortization expense of the Company’s intangible assets for each of the next five years and thereafter is as follows (in thousands):

 

 

 

Amortization

 

Remainder of 2022

 

$

2,515

 

2023

 

 

2,199

 

2024

 

 

1,443

 

2025

 

 

946

 

2026

 

 

620

 

Later years

 

 

1,153

 

 

 

$

8,876