XML 23 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and other intangible assets
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets Goodwill and other intangible assets
The change in the carrying amount of goodwill was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(in thousands)
Goodwill, beginning of period$823,671 $541,850 $845,734 $541,480 
Goodwill acquired— 310,833 3,014 311,203 
Foreign currency translation adjustment(23,147)(6,626)(48,224)(6,626)
Goodwill, end of period$800,524 $846,057 $800,524 $846,057 
The gross carrying amount and accumulated amortization of intangible assets other than goodwill were as follows:
September 30, 2022
Useful LifeGross ValueAccumulated
Amortization		Net Carrying
Value		Weighted‑
Average
Remaining
Useful Life
(in thousands)
Trademarks
3 - 8 years
$34,616 $21,079 $13,537 3.1 years
Customer relationships
2 ‑ 12 years
245,673 91,343 154,330 7.5 years
Developed technology
5 - 6.5 years
106,028 61,112 44,916 4.8 years
Non‑competes
2 - 3 years
1,432 753 679 1.3 years
Order backlog
2.5 years
3,337 1,735 1,602 1.3 years
Total intangible assets$391,086 $176,022 $215,064 
December 31, 2021
Useful LifeGross ValueAccumulated
Amortization		Net Carrying
Value		Weighted‑
Average
Remaining
Useful Life
(in thousands)
Trademarks
3 - 8 years
$34,690 $17,788 $16,902 3.8 years
Customer relationships
2 ‑ 12 years
249,495 75,600 173,895 8.3 years
Developed technology
5 - 6.5 years
116,193 47,142 69,051 5.1 years
Non‑competes
2 - 2.5 years
1,797 439 1,358 2.0 years
Order backlog
2.5 years
3,745 758 2,987 2.0 years
Total intangible assets subject to amortization405,920 141,727 264,193 
IPR&DIndefinite400 — 400 
Total intangible assets$406,320 $141,727 $264,593 
The gross value in the tables above includes a cumulative foreign currency translation adjustment of $(18.0) million and $(2.1) million as of September 30, 2022 and December 31, 2021, respectively. The accumulated amortization in the table above includes a cumulative foreign currency translation adjustment of $(2.4) million as of September 30, 2022. The cumulative foreign currency translation adjustment for accumulated amortization was not material as of December 31, 2021.
Amortization expense was $12.3 million and $12.2 million for the three months ended September 30, 2022 and 2021, respectively, and $36.9 million and $29.1 million for the nine months ended September 30, 2022 and 2021, respectively.
There were no impairments to goodwill during the three and nine months ended September 30, 2022 and 2021. There were no material impairments to intangible assets during the three and nine months ended September 30, 2022 and 2021.