Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Activity in goodwill was as follows:

	(in thousands)
Balance at December 31, 2021	$	338,406
Acquisitions	9,017
Balance at March 31, 2022	$	347,423

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, 2021	$	755,576	$	(297,303)	$	458,273	$	42,298	$	500,571
Additions	10,800		—		10,800		—		10,800
Intangible amortization	—		(14,662)		(14,662)		—		(14,662)
Balances of March 31, 2022	$	766,376	$	(311,965)	$	454,411	$	42,298	$	496,709

Definite-lived intangible asset amortization for the remainder of fiscal year 2022 and succeeding fiscal years is estimated as follows:

Fiscal Year	Amount (in thousands)
Remainder of 2022	$	43,842
2023	57,835
2024	52,194
2025	47,426
2026	46,446
2027 and thereafter	206,668
Total	$	454,411