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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Definite-lived Intangible Assets

Definite-lived intangible assets consists of the following:

 

(in thousands)

 

March 31, 2023

 

 

December 31, 2022

 

 

Weighted average remaining useful life as of March 31, 2023 (in years)

 

 

 

Gross amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

Gross amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

 

 

Developed technology

 

$

13,367

 

 

$

(5,604

)

 

$

7,763

 

 

$

13,367

 

 

$

(4,745

)

 

$

8,622

 

 

 

2.3

 

Customer relationship

 

$

22,525

 

 

$

(6,731

)

 

$

15,794

 

 

$

22,525

 

 

$

(5,734

)

 

$

16,791

 

 

 

4.1

 

Tradename

 

$

2,470

 

 

$

(834

)

 

$

1,636

 

 

$

2,470

 

 

$

(711

)

 

$

1,759

 

 

 

3.3

 

Non-compete agreement

 

$

162

 

 

$

(91

)

 

$

71

 

 

$

162

 

 

$

(78

)

 

$

84

 

 

 

1.3

 

Other intangibles

 

$

485

 

 

$

(199

)

 

$

286

 

 

$

485

 

 

$

(158

)

 

$

327

 

 

 

1.8

 

Total definite-lived intangible

 

$

39,009

 

 

$

(13,459

)

 

$

25,550

 

 

$

39,009

 

 

$

(11,426

)

 

$

27,583

 

 

 

 

Schedule of Expected Amortization Expense for Definite-lived Intangible Assets

As of March 31, 2023, expected amortization expense for definite-lived intangible assets was as follows:

 

(in thousands)

 

March 31, 2023

 

 

 

 

 

2023 (April 1st through December 31st)

 

 

6,099

 

2024

 

 

7,997

 

2025

 

 

6,308

 

2026

 

 

3,429

 

2027

 

 

1,717

 

Thereafter

 

 

 

Total

 

$

25,550