Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2021 and 2020 (amounts in thousands):

Balance as of December 31, 2019	$	468,413
Measurement period adjustment - C Technologies		293
Acquisition of EMT		12,585
Acquisition of NMS		6,784
Acquisition of ARTeSYN		128,658
Cumulative translation adjustment		1,572
Balance as of December 31, 2020	$	618,305
Measurement period adjustment - NMS		(71	)
Measurement period adjustment - ARTeSYN		(60	)
Acquisition of Polymem		35,680
Acquisition of Avitide		199,245
Acquisition of NTM		10,180
Cumulative translation adjustment		(2,917	)
Balance as of December 31, 2021	$	860,362

Intangible assets

Intangible assets, net consisted of the following at December 31, 2021:

	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	146,097	$	(21,553	)	$	124,544		17
Patents		240		(240	)		—		8
Customer relationships		254,699		(50,719	)		203,980		15
Trademarks		7,699		(877	)		6,822		19
Other intangibles		2,839		(1,611	)		1,228		4
Total finite-lived intangible assets		411,574		(75,000	)		336,574		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	412,274	$	(75,000	)	$	337,274

Intangible assets consisted of the following at December 31, 2020:

	December 31, 2020
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	114,217	$	(14,444	)	$	99,773		17
Patents		240		(240	)		—		8
Customer relationships		217,790		(37,333	)		180,457		16
Trademarks		5,893		(541	)		5,352		20
Other intangibles		2,142		(1,324	)		818		3
Total finite-lived intangible assets		340,282		(53,882	)		286,400		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	340,982	$	(53,882	)	$	287,100

Schedule of Amortization Expense for Amortized Intangible Assets

As of December 31, 2021, the Company expects to record the following amortization expense (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2022	$	26,503
2023		26,385
2024		25,800
2025		25,461
2026		25,461
2027 and thereafter		206,964
Total	$	336,574