Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net

Intangible Assets, Net

Note 8. Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

									Weighted
									Average
									Remaining
	Useful			Accumulated		Net Carrying			Useful Life
	Life	Gross Value		Amortization		Value			(Years)
December 31, 2021
Client relationships	2 to 20 years	$	1,465,926	$	(199,866)	$	1,266,060		14.5
Non-compete agreements	1.5 to 5 years		4,975		(4,975)		0
Trademarks	3 to 15 years		326,392		(45,555)		280,837		9.5
Patents	3 years		200		(200)		0
Software	3 to 5 years		126,188		(40,767)		85,421		2.7
Technology	5 to 7 years		343,262		(65,302)		277,960		5.6
Intangible assets, net		$	2,266,943	$	(356,665)	$	1,910,278		12.0
December 31, 2020
Client relationships	2 to 20 years	$	1,460,648	$	(100,844)	$	1,359,804	`	15.4
Non-compete agreements	1.5 to 5 years		5,097		(4,872)		225		0.4
Trademarks	3 to 15 years		326,786		(15,576)		311,210		10.5
Patents	3 years		200		(200)		0
Software	3 to 5 years		52,518		(24,771)		27,747		2.8
Technology	5 to 7 years		338,150		(16,272)		321,878		6.6
Intangible assets, net		$	2,183,399	$	(162,535)	$	2,020,864		13.1

Refer to Note 9 to the consolidated financial statements for the results of impairment testing of our intangible assets including goodwill.

Amortization expense for intangible assets net of foreign currency remeasurement for intangible assets was $195.3 million, $64.7 million, and $35.6 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Periodic amortization that will be charged to expense over the remaining life of the intangible assets as of December 31, 2021 was as follows (in thousands):

Years Ending December 31,
2022	$	206,602
2023		210,494
2024		205,595
2025		181,729
2026 and thereafter		1,105,858
	$	1,910,278