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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

(table only in thousands)

 

Six months ended June 30, 2022

 

 

Year ended December 31, 2021

 

Goodwill / Tradename

 

Goodwill

 

 

Tradename

 

 

Goodwill

 

 

Tradename

 

Beginning balance

 

$

161,183

 

 

$

9,629

 

 

$

161,820

 

 

$

12,937

 

Acquisitions

 

 

25,680

 

 

 

 

 

 

 

 

 

 

Transfers to finite life classification

 

 

 

 

 

 

 

 

 

 

 

(3,150

)

Foreign currency translation

 

 

(1,068

)

 

 

(135

)

 

 

(637

)

 

 

(158

)

 

 

$

185,795

 

 

$

9,494

 

 

$

161,183

 

 

$

9,629

 

Intangible Assets - Finite Life

(table only in thousands)

 

As of June 30, 2022

 

 

As of December 31, 2021

 

Intangible assets – finite life

 

Cost

 

 

Accum. Amort.

 

 

Cost

 

 

Accum. Amort.

 

Technology

 

$

14,457

 

 

$

14,371

 

 

$

14,457

 

 

$

13,704

 

Customer lists

 

 

85,289

 

 

 

55,658

 

 

 

73,199

 

 

 

53,970

 

Tradename

 

 

10,918

 

 

 

3,179

 

 

 

9,728

 

 

 

2,745

 

Foreign currency adjustments

 

 

(1,895

)

 

 

(233

)

 

 

(2,149

)

 

 

(1,025

)

 

 

$

108,769

 

 

$

72,975

 

 

$

95,235

 

 

$

69,394

 

Summary of Finite Lived Intangible Assets Activities

Activity for the six-months ended June 30, 2022 and 2021 is as follows:

(table only in thousands)

 

2022

 

 

2021

 

Intangible assets – finite life, net at beginning of period

 

$

25,841

 

 

$

29,637

 

Amortization expense

 

 

(2,789

)

 

 

(3,359

)

Transfers from indefinite life classification

 

 

 

 

 

3,150

 

Acquisition

 

 

13,280

 

 

 

 

Foreign currency adjustments

 

 

(538

)

 

 

(59

)

Intangible assets – finite life, net at end of period

 

$

35,794

 

 

$

29,369