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

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

 

Schedule of Intangible Assets, Net

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

 

 

Schedule of Estimated Aggregate Amortization Expense

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