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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 amountAccumulated amortizationNet book value
(in thousands)202120202021202020212020
Definite lived intangible assets:
Customer related intangible assets9$214,307 $214,973 $(194,594)$(187,923)$19,713 $27,050 
Operating agreement2035,000 35,000 (20,854)(19,126)14,146 15,874 
Trademarks and trade names169,709 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.