Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Below is a summary of intangible assets, net: 

	Definite-Lived						Indefinite-Lived		Total
(in thousands)	Gross Book Value		Accumulated Amortization		Net Book Value		Net Book Value		Net Book Value
Balances of December 31, 2019	$	489,570	$	(222,695)	$	266,875	$	43,516	$	310,391
Additions	—		—		—		—		—
Intangible amortization	—		(30,127)		(30,127)		—		(30,127)
Balances of December 31, 2020	489,570		(252,822)		236,748		43,516		280,264
Additions/Transfers	266,006		—		266,006		(1,218)		264,788
Intangible amortization	—		(44,481)		(44,481)		—		(44,481)
Balances of December 31, 2021	$	755,576	$	(297,303)	$	458,273	$	42,298	$	500,571

Activity in goodwill was as follows: 

	Years Ended December 31,
(in thousands)	2021		2020		2019
Goodwill
Balance, beginning of period	$	290,366	$	290,366	$	290,366
Acquisitions	48,040		—		—
Balance, end of period	$	338,406	$	290,366	$	290,366

Definite-lived intangible asset amortization for the next five years and thereafter is estimated as follows:

Fiscal Year	Amount (in thousands)
2022	$	56,520
2023	55,859
2024	50,217
2025	45,449
2026	45,419
2027 and Thereafter	204,809
	$	458,273

At December 31, 2021, the weighted average estimated remaining amortization period for definite-lived intangible assets was 9.8 years.