Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

9. Goodwill and Intangible Assets

The carrying amounts of goodwill and intangible assets, as of June 30, 2022 and December 31, 2021, consist of the following:


	June 30, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	409,430	$	(110,696	)	$	298,734
Developed technologies		57,200		(21,453	)		35,747
Tradenames		36,000		(6,096	)		29,904
Database		46,580		(38,769	)		7,811
Total finite-lived intangible assets		549,210		(177,014	)		372,196
Goodwill		1,322,959		—			1,322,959
Total goodwill and Intangible assets	$	1,872,169	$	(177,014	)	$	1,695,155


	December 31, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Finite-lived intangible assets:
Customer relationships	$	370,030	$	(92,942	)	$	277,088
Developed technologies		51,100		(17,475	)		33,625
Tradenames		35,500		(5,034	)		30,466
Database		43,080		(31,789	)		11,291
Total finite-lived intangible assets		499,710		(147,240	)		352,470
Goodwill		1,261,444		—			1,261,444
Total goodwill and Intangible assets	$	1,761,154	$	(147,240	)	$	1,613,914

Amortization expense associated with finite-lived intangible assets was $15.1 million and $14.5 million for the three months ended June 30, 2022 and 2021, respectively, of which $5.6 million and $5.3 million was included in cost of revenue for the respective periods. Amortization expense associated with finite-lived intangible assets was $29.8 million and $28.8 million for the six months ended June 30, 2022 and 2021, respectively, of which $11.0 million and $10.5 million was included in cost of revenue for the respective periods.

Estimated total intangible amortization expense during the next five years and thereafter is as follows:


(in thousands)
2022, excluding the six months ended June 30, 2022	$	25,520
2023		48,216
2024		45,369
2025		41,419
2026		34,878
Thereafter		176,794
Total	$	372,196

The carrying amount of goodwill increased by $61.5 million during the six months ended June 30, 2022 as a result of the of AW acquisition (Note 3).

The Company determined it had one reporting unit. There was no impairment of goodwill in the six months ended June 30, 2022 or 2021.