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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Goodwill. The changes in the carrying amount of goodwill for the first quarter of 2022 were as follows (in thousands):

 

January 1, 2022 balance

 

$

321,330

 

Adjustments related to prior acquisitions

 

 

122

 

Effects of changes in foreign currency exchange rates

 

 

(2,418

)

March 31, 2022 balance

 

$

319,034

 

Summary of Carrying Value of Assets As of March 31, 2022 and December 31, 2021, the carrying values of these assets were as follows (in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Amount

 

Acquired customer contracts

 

$

170,206

 

 

$

(115,726

)

 

$

54,480

 

 

$

171,373

 

 

$

(114,166

)

 

$

57,207

 

Software

 

 

185,724

 

 

 

(156,490

)

 

 

29,234

 

 

 

182,040

 

 

 

(152,283

)

 

 

29,757

 

Total intangible assets

 

$

355,930

 

 

$

(272,216

)

 

$

83,714

 

 

$

353,413

 

 

$

(266,449

)

 

$

86,964

 

 

Summary of Carrying Values of Customer Contract Cost Assets

Customer Contract Costs. As of March 31, 2022 and December 31, 2021, the carrying values of our customer contract cost assets, related to those contracts with a contractual term greater than one year, were as follows (in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Amount

 

Customer contract costs

 

$

82,885

 

 

$

(35,860

)

 

$

47,025

 

 

$

79,028

 

 

$

(32,410

)

 

$

46,618