Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite lives were $154.8 million as of each of September 30, 2022 and December 31, 2021. Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

	September 30, 2022							December 31, 2021
	Cost		Accumulated amortization			Net carrying amount		Cost		Accumulated amortization			Net carrying amount
	(In thousands)
Customer relationships	$	126,643	$	(29,540	)	$	97,103	$	132,197	$	(19,813	)	$	112,384
Technology and other intangibles		11,430		(8,646	)		2,784		11,430		(7,437	)		3,993
Total	$	138,073	$	(38,186	)	$	99,887	$	143,627	$	(27,250	)	$	116,377

Amortization expense associated with identifiable intangible assets was $3.9 million and $3.7 million for the three months ended September 30, 2022 and 2021, respectively, and $12.1 million and $9.8 million for the nine months ended September 30, 2022 and 2021, respectively. Annual estimated total amortization expense is $16.2 million, $17.1 million, $14.8 million, $11.9 million and $10.2 million for 2022 through 2026.