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Goodwill and Other Intangibles
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles Goodwill and Other Intangibles
A summary of changes in the Company’s goodwill is as follows (in thousands):
 
December 31, 2021AcquisitionsAcquisition Accounting
Adjustments
Foreign
Currency
June 30, 2022
Goodwill$5,078,978 $14,505 $8,529 $(25,648)$5,076,364 
The change in segments discussed in Note 11 resulted in an immaterial change in the Company's former reporting units. As a result of this change, goodwill was reassigned to two reporting units using a relative fair value approach. The change in reporting units qualified as a triggering event and required goodwill to be tested for impairment. As required by ASC 350, "Intangibles-Goodwill and Other", the Company tested goodwill for impairment immediately before and after the change. As a result of these analyses, it was determined that goodwill was not impaired before or after the reorganization.
As of June 30, 2022 and December 31, 2021, other intangibles consisted of the following (in thousands):
  June 30, 2022December 31, 2021
 Weighted-
Avg
Useful
Lives
(Years)
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amount
Customer and vendor relationships16.2$2,911,654 $(1,254,252)$1,657,402 $2,925,719 $(1,167,218)$1,758,501 
Trade names and trademarks—indefinite livedN/A465,404 — 465,404 466,327 — 466,327 
Trade names and trademarks—other7.011,910 (6,611)5,299 12,093 (5,235)6,858 
Software6.0276,515 (209,249)67,266 272,461 (198,628)73,833 
Non-compete agreements4.379,414 (54,539)24,875 78,145 (48,279)29,866 
Total other intangibles$3,744,897 $(1,524,651)$2,220,246 $3,754,745 $(1,419,360)$2,335,385 
Changes in foreign exchange rates resulted in a $6.8 million decrease to the net carrying values of other intangibles in the six months ended June 30, 2022. Amortization expense related to intangible assets for the six months ended June 30, 2022 and 2021 was $109.9 million and $97.3 million, respectively.