Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets  
summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2021

$

350,560

Measurement period adjustments

(6,915)

Foreign exchange impact

(4,156)

Goodwill at June 30, 2022

$

339,489

Schedule of intangible assets and related accumulated amortization

(in thousands)

June 30, 2022

    

December 31, 2021

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,732

$

(3,865)

$

7,867

$

11,735

$

(3,422)

$

8,313

Customer relationships

 

145,662

(43,200)

 

102,462

 

143,728

 

(36,831)

 

106,897

Developed technology

 

76,444

(39,198)

 

37,246

 

72,065

 

(33,937)

 

38,128

Non-compete agreements

63

(26)

37

68

(11)

57

Total intangible assets

$

233,901

$

(86,289)

$

147,612

$

227,596

$

(74,201)

$

153,395

    

(In years)

Trademarks and brands

 

10

Customer relationships

 

8

Developed technology

3

Non-compete agreements

 

1

Schedule of Estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2022 (for remaining six months)

$

12,397

2023

24,740

2024

23,269

2025

21,148

2026

16,064

2027

13,854

Thereafter

 

36,140

Total

$

147,612