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Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net

Note 8. Goodwill and Intangible Assets, net

A rollforward of goodwill is as follows:

 

(in thousands)

 

 

 

 Balance at December 31, 2021

 

$

1,189,464

 

 Measurement period adjustments

 

 

298

 

 Balance at March 31, 2022

 

$

1,189,762

 

 

Intangible assets, net consisted of the following:

 

 

 

March 31, 2022

 

 

 

December 31, 2021

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

$

70,000

 

 

$

1,283

 

 

$

68,717

 

 

 

$

70,000

 

 

$

98

 

 

$

69,902

 

Customer relationships

 

 

180,000

 

 

 

2,601

 

 

 

177,399

 

 

 

 

180,000

 

 

 

252

 

 

$

179,748

 

Developed software

 

 

15,700

 

 

 

863

 

 

 

14,837

 

 

 

 

4,300

 

 

 

6

 

 

$

4,294

 

Developed technology

 

 

4,300

 

 

 

236

 

 

 

4,064

 

 

 

 

15,700

 

 

 

22

 

 

$

15,678

 

Total intangible assets

 

$

270,000

 

 

$

4,983

 

 

$

265,017

 

 

 

$

270,000

 

 

$

378

 

 

$

269,622

 

 

 

Aggregate amortization expense related to intangible assets, excluding goodwill which is not amortized, for the three months ended March 31, 2022 and March 31, 2021 was $4,604 and $2,301, respectively. There are no intangible assets, other than goodwill, with indefinite useful lives.

 

The following table represents the estimated aggregate amortization expense for each of the five succeeding fiscal calendar years.

 

Year

 

Aggregate Amortization

 

2022

 

$

18,140

 

2023

 

 

18,140

 

2024

 

 

18,140

 

2025

 

 

18,140

 

2026

 

 

18,041