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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

8. GOODWILL AND INTANGIBLE ASSETS

Amounts related to goodwill are as follows:

 

 

 

Assessment,
Permitting
and Response

 

 

Measurement
and
Analysis

 

 

Remediation
and
Reuse

 

 

Total

 

Balance as of December 31, 2021

 

$

176,541

 

 

$

83,770

 

 

$

51,633

 

 

$

311,944

 

Goodwill acquired during the period

 

 

3,874

 

 

 

 

 

 

150

 

 

 

4,024

 

Acquisitions measurement period adjustments

 

 

(91

)

 

 

296

 

 

 

 

 

 

205

 

Balance as of March 31, 2022

 

$

180,324

 

 

$

84,066

 

 

$

51,783

 

 

$

316,173

 

Amounts related to finite-lived intangible assets are as follows:

 

March 31, 2022

 

Estimated
Useful Life

 

Gross
Balance

 

 

Accumulated
Amortization

 

 

Total
Intangible
Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

2-15 years

 

$

202,212

 

 

$

79,690

 

 

$

122,522

 

Covenants not to compete

 

4-5 years

 

 

32,941

 

 

 

25,950

 

 

 

6,991

 

Trade names

 

1-5 years

 

 

21,422

 

 

 

15,826

 

 

 

5,596

 

Proprietary software

 

3-5 years

 

 

22,081

 

 

 

12,481

 

 

 

9,600

 

Patent

 

16 years

 

 

17,479

 

 

 

2,763

 

 

 

14,716

 

Total other intangible assets
   —net

 

 

 

$

296,135

 

 

$

136,710

 

 

$

159,425

 

 

December 31, 2021

 

Estimated
Useful Life

 

Gross
Balance

 

 

Accumulated
Amortization

 

 

Total
Intangible
Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

2-15 years

 

$

196,323

 

 

$

74,010

 

 

$

122,313

 

Covenants not to compete

 

4-5 years

 

 

32,622

 

 

 

25,113

 

 

 

7,509

 

Trade names

 

1-5 years

 

 

20,403

 

 

 

15,139

 

 

 

5,264

 

Proprietary software

 

3-5 years

 

 

22,077

 

 

 

11,155

 

 

 

10,922

 

Patent

 

16 years

 

 

17,479

 

 

 

2,490

 

 

 

14,989

 

Total other intangible assets
   —net

 

 

 

$

288,904

 

 

$

127,907

 

 

$

160,997

 

Intangible assets with finite lives are stated at cost, less accumulated amortization and impairment losses, if any. These intangible assets are amortized using the straight-line method over the estimated useful lives of the assets. Amortization expense was $9.4 million and $8.6 million for the three months ended March 31, 2022 and March 31, 2021, respectively.

Future amortization expense is estimated to be as follows for each of the five following years and thereafter:

 

December 31,

 

 

 

2022 (remaining)

 

 

24,727

 

2023

 

 

27,504

 

2024

 

 

22,978

 

2025

 

 

16,405

 

2026 and thereafter

 

 

67,811

 

Total

 

$

159,425