GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Changes in goodwill during the years ended December 31, 2021 and 2020 are summarized below:

(in thousands)	Total
Balance as of January 1, 2020 and December 31, 2020	$	73,849
Write-off (1)	(17,889)
Balance as of December 31, 2021	$	55,960

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(1)    During 2021, the Company sold its equity interest in Pointillist (See Note 4 for additional information) which had $17.9 million of goodwill attributed to it. The amount of goodwill attributable to Pointillist was based on the relative fair values of Pointillist and the Company excluding Pointillist. Pointillist was determined to be a business within the Company’s existing reporting unit.

Intangible Assets, Net

Intangible assets, net consist of the following as of December 31:

	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization				Net book value
(in thousands)		2021		2020		2021		2020		2021		2020
Definite lived intangible assets:
Customer related intangible assets	9	$	214,307	$	214,973	$	(194,594)	$	(187,923)	$	19,713	$	27,050
Operating agreement	20	35,000		35,000		(20,854)		(19,126)		14,146		15,874
Trademarks and trade names	16	9,709		9,709		(6,709)		(6,307)		3,000		3,402
Non-compete agreements	—	—		1,230		—		(1,230)		—		—
Other intangible assets	—	—		1,800		—		(1,800)		—		—
Total		$	259,016	$	262,712	$	(222,157)	$	(216,386)	$	36,859	$	46,326

Amortization expense for definite lived intangible assets was $9.5 million and $14.7 million for the years ended December 31, 2021 and 2020, respectively. Forecasted annual definite lived intangible asset amortization expense for 2022 through 2026 is $5.1 million, $5.1 million, $5.1 million, $5.1 million and $4.9 million, respectively.