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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment The following table summarizes the changes in the carrying amount of goodwill by reportable segment through December 31, 2021 (in thousands):

 

 

Enterprise Solutions

 

 

SMB Solutions

 

 

Total

 

Balance as of December 31, 2019

 

$

201,211

 

 

$

203,842

 

 

$

405,053

 

Goodwill acquired

 

 

17,447

 

 

 

3,177

 

 

 

20,624

 

Balance as of December 31, 2020

 

$

218,658

 

 

$

207,019

 

 

$

425,677

 

Goodwill acquired

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

$

218,658

 

 

$

207,019

 

 

$

425,677

 

 

Schedule of Acquired Intangible Assets

Acquired intangible assets of the Company consisted of the following (in thousands):

 

 

 

 

 

December 31, 2021

 

 

 

Weighted Average
Useful Life

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

 

(in years)

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10.0

 

 

$

82,841

 

 

$

(23,059

)

 

$

59,782

 

Developed technology

 

 

7.0

 

 

 

42,913

 

 

 

(17,311

)

 

 

25,602

 

Tradenames

 

 

5.0

 

 

 

5,824

 

 

 

(3,288

)

 

 

2,536

 

Total

 

 

 

 

$

131,578

 

 

$

(43,658

)

 

$

87,920

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Weighted Average
Useful Life

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

 

(in years)

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10.0

 

 

$

82,841

 

 

$

(14,775

)

 

$

68,066

 

Developed technology

 

 

7.0

 

 

 

42,913

 

 

 

(11,160

)

 

 

31,753

 

Tradenames

 

 

5.0

 

 

 

5,824

 

 

 

(2,123

)

 

 

3,701

 

Total

 

 

 

 

$

131,578

 

 

$

(28,058

)

 

$

103,520

 

Schedule of Future Estimated Amortization Expense of Intangible Assets Future estimated amortization expense of the Company’s intangible assets as of December 31, 2021, is expected to be as follows (in thousands):

2022

 

$

15,601

 

2023

 

 

15,601

 

2024

 

 

14,640

 

2025

 

 

14,383

 

2026

 

 

9,335

 

Thereafter

 

 

18,360

 

Total

 

$

87,920