Schedule of Goodwill and Intangible Assets |
Goodwill and intangible assets on our consolidated balance sheets consisted of the following: | | | | | | | | | | | | | December 31, | | 2021 | | 2020 | | (In thousands) | Goodwill | $ | 301,790 | | | $ | 301,790 | | Intangible assets, net | 165,153 | | | 189,988 | | Goodwill and intangible assets | $ | 466,943 | | | $ | 491,778 | |
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Schedule of Intangible Assets |
The gross carrying amounts and accumulated amortization related to intangibles assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | December 31, 2020 | | | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | Weighted Average Useful Lives | | (In thousands) | | (In thousands) | | (Years) | Customer relationships | $ | 309,773 | | | $ | (174,543) | | | $ | 135,230 | | | $ | 309,773 | | | $ | (150,445) | | | $ | 159,328 | | | 12.8 | Trade names | 44,086 | | | (21,331) | | | 22,755 | | | 44,086 | | | (18,535) | | | 25,551 | | | 14.6 | Patents | 3,000 | | | (1,909) | | | 1,091 | | | 3,000 | | | (1,636) | | | 1,364 | | | 11.0 | Software licenses | 10,389 | | | (4,551) | | | 5,838 | | | 5,595 | | | (2,698) | | | 2,897 | | | 3.0 | Other | 5,964 | | | (5,725) | | | 239 | | | 5,964 | | | (5,116) | | | 848 | | | 5.0 | Total intangible assets | $ | 373,212 | | | $ | (208,059) | | | $ | 165,153 | | | $ | 368,418 | | | $ | (178,430) | | | $ | 189,988 | | | |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table shows our estimated amortization expense for intangible assets for each of the next five succeeding years and thereafter: | | | | | | | December 31, | | (In thousands) | 2022 | $ | 25,117 | | 2023 | 23,761 | | 2024 | 22,603 | | 2025 | 22,032 | | 2026 | 21,715 | | Thereafter | 49,925 | | Total | $ | 165,153 | |
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