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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in Goodwill
The change in goodwill during 2022 consisted of the following:
(dollars in thousands)Total
Balance at December 31, 2021$1,058,640 
Additions related to business combination(1)
3,610 
Adjustments related to prior year business combination(2)
(2,232)
Adjustments related to dispositions(3)
(2,501)
Effect of foreign currency translation(7,245)
Balance at December 31, 2022$1,050,272 
Fair Values Of Intangible Assets Acquired In Various Business Combinations By Class The table below sets forth the balances of each class of intangible asset and related amortization as of:
December 31,
(dollars in thousands)20222021
Finite-lived gross carrying amount
Customer relationships$569,009 $606,409 
Marketing assets69,643 74,731 
Developed technology182,463 211,552 
Content17,900 17,900 
Total finite-lived gross carrying amount839,015 910,592 
Accumulated amortization
Customer relationships(146,948)(151,258)
Marketing assets(8,371)(7,269)
Developed technology(46,571)(54,013)
Content(1,989)— 
Total accumulated amortization(203,879)(212,540)
Intangible assets, net$635,136 $698,052 
Summary of Amortization Expense
The following table summarizes amortization expense of our finite-lived intangible assets:
Years ended December 31,
(dollars in thousands)202220212020
Included in cost of revenue:
Cost of recurring$47,085 $33,132 $36,835 
Cost of one-time services and other1,407 1,680 2,133 
Total included in cost of revenue48,492 34,812 38,968 
Included in operating expenses2,925 2,227 2,915 
Total amortization of intangibles from business combinations$51,417 $37,039 $41,883 
Future Amortization Expense for Finite-Lived Intangible Assets
The following table outlines the estimated future amortization expense for each of the next five years for our finite-lived intangible assets as of December 31, 2022:
Years ending December 31,
(dollars in thousands)
Amortization
expense
2023 55,426 
2024 62,015 
2025 65,552 
2026 63,915 
2027 59,755 
Total$306,663