Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2.2
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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

(7,100)

Goodwill at September 30, 2022

$

336,545

Schedule of intangible assets and related accumulated amortization

(in thousands)

September 30, 2022

    

December 31, 2021

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,729

$

(4,080)

$

7,649

$

11,735

$

(3,422)

$

8,313

Customer relationships

 

145,263

(46,343)

 

98,920

 

143,728

 

(36,831)

 

106,897

Developed technology

 

75,886

(41,641)

 

34,245

 

72,065

 

(33,937)

 

38,128

Non-compete agreements

59

(32)

27

68

(11)

57

Total intangible assets

$

232,937

$

(92,096)

$

140,841

$

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 three months)

$

6,157

2023

24,589

2024

23,202

2025

21,100

2026

16,036

2027

13,827

Thereafter

 

35,930

Total

$

140,841