GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Intangible Assets

Goodwill consists of the following (in thousands):

	December 31,
	2021		2020
Indefinite life:
Goodwill	$	36,260	$	36,260
Total indefinite life	$	36,260	$	36,260

Intangible assets consist of the following (in thousands):

	December 31, 2021						December 31, 2020
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable:
Agent relationships	$	40,500	$	(32,915)	$	7,585	$	40,500	$	(29,759)	$	10,741
Trade name	15,500		(9,404)		6,096		15,500		(7,964)		7,536
Developed technology	6,600		(5,690)		910		6,600		(5,234)		1,366
Other intangibles	1,279		(478)		801		1,155		(368)		787
Net amortizable intangible assets	$	63,879	$	(48,487)	$	15,392	$	63,755	$	(43,325)	$	20,430

Changes in Goodwill and Intangible Assets

The following table presents the changes in goodwill and intangible assets (in thousands):

	Goodwill		Intangible Assets
Balance at December 31, 2018	$	36,260	$	36,395
Acquisition of agent locations	—		335
Amortization expense	—		(9,349)
Balance at December 31, 2019	$	36,260	$	27,381
Amortization expense	—		(6,951)
Balance at December 31, 2020	$	36,260	$	20,430
Acquisition of agent locations	—		124
Amortization expense	—		(5,162)
Balance at December 31, 2021	$	36,260	$	15,392

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets for the next five years and thereafter is as follows (in thousands):

2022	$	4,010
2023	3,002
2024	2,282
2025	1,730
2026	1,310
Thereafter	3,058
	$	15,392