XML 44 R32.htm IDEA: XBRL DOCUMENT v3.23.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Gross Amount and Accumulated Amortization of Intangible Assets

The gross amount and accumulated amortization of intangible assets with finite useful lives included in “Intangible assets, net” on the consolidated balance sheets are as follows (in thousands except for years):

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

Weighted
Average

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Amortization
Period
(in years)

 

Backlog

 

$

142,200

 

 

$

(54,378

)

 

$

87,822

 

 

$

142,200

 

 

$

(45,903

)

 

$

96,297

 

 

 

4

 

Customer relationships

 

 

293,730

 

 

 

(153,514

)

 

 

140,216

 

 

 

293,730

 

 

 

(146,032

)

 

 

147,698

 

 

 

9

 

Leases

 

 

120

 

 

 

(92

)

 

 

28

 

 

 

120

 

 

 

(87

)

 

 

33

 

 

 

6

 

Developed technology

 

 

16,600

 

 

 

(12,228

)

 

 

4,372

 

 

 

16,600

 

 

 

(11,560

)

 

 

5,040

 

 

 

5

 

Trade name

 

 

5,000

 

 

 

(4,208

)

 

 

792

 

 

 

5,000

 

 

 

(3,083

)

 

 

1,917

 

 

 

1

 

Non-compete agreements

 

 

3,350

 

 

 

(2,328

)

 

 

1,022

 

 

 

3,350

 

 

 

(2,074

)

 

 

1,276

 

 

 

3

 

In process research and development

 

 

1,800

 

 

 

-

 

 

 

1,800

 

 

 

1,800

 

 

 

-

 

 

 

1,800

 

 

n/a

 

Other intangibles

 

 

275

 

 

 

(210

)

 

 

65

 

 

 

275

 

 

 

(209

)

 

 

66

 

 

 

10

 

Total intangible assets

 

$

463,075

 

 

$

(226,958

)

 

$

236,117

 

 

$

463,075

 

 

$

(208,948

)

 

$

254,127

 

 

 

 

Schedule of Estimated Amortization Expense

Estimated amortization expense for the remainder of the current fiscal year and in each of the next four years and beyond is as follows (in thousands):

 

 

 

March 31, 2023

 

2023

 

$

50,245

 

2024

 

 

35,359

 

2025

 

 

29,818

 

2026

 

 

26,238

 

2027

 

 

25,319

 

Thereafter

 

 

67,338

 

Total

 

$

234,317