Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2022

$

343,011

Business combinations (Scibids)

92,053

Foreign exchange impact

(3,757)

Goodwill at September 30, 2023

$

431,307

Schedule of intangible assets and related accumulated amortization

(in thousands)

September 30, 2023

    

December 31, 2022

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,732

$

(4,927)

$

6,805

$

11,733

$

(4,294)

$

7,439

Customer relationships

 

160,239

(59,326)

 

100,913

 

145,834

 

(49,587)

 

96,247

Developed technology

 

93,921

(54,333)

 

39,588

 

76,677

 

(44,956)

 

31,721

Non-compete agreements

63

(63)

64

(42)

22

Total intangible assets

$

265,955

$

(118,649)

$

147,306

$

234,308

$

(98,879)

$

135,429

    

(In years)

Trademarks and brands

 

9

Customer relationships

 

7

Developed technology

2

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2023 (for remaining three months)

$

7,951

2024

28,565

2025

26,618

2026

21,865

2027

17,984

2028

14,888

Thereafter

 

29,435

Total

$

147,306