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Goodwill and Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net
The changes in the carrying amount of goodwill were as follows (in thousands):
Balance, January 1, 2021$560,332 
Acquisitions97,168 
Measurement period and currency translation adjustments(369)
Balance, December 31, 2021657,131 
Acquisitions50,756 
Measurement period and currency translation adjustments(1,993)
Balance, December 31, 2022$705,894 

Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets. Newmark completed its annual goodwill impairment testing for the years ended December 31, 2022 and 2021, which did not result in a goodwill impairment (see Note 4 — “Acquisitions” for more information).

Other intangible assets consisted of the following (in thousands, except weighted-average life):
 December 31, 2022
 Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Life (Years)
Indefinite life:    
Trademark and trade names$11,350 $— $11,350 N/A
License agreements (GSE)5,390 — 5,390 N/A
Definite life:
Trademark and trade names12,893 (8,103)4,790 2.4
Non-contractual customers30,131 (14,995)15,136 8.6
License agreements4,981 (4,981)— 0.0
Non-compete agreements9,557 (5,113)4,444 3.1
Contractual customers48,257 (10,690)37,567 5.7
Other4,551 (2,260)2,291 12.4
 Total$127,110 $(46,142)$80,968 5.9

 December 31, 2021
 Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Life (Years)
Indefinite life:    
Trademark and trade names$11,350 $— $11,350 N/A
License agreements (GSE)5,390 — 5,390 N/A
Definite life:
Trademark and trade names12,765 (6,021)6,744 3.7
Non-contractual customers30,131 (12,815)17,316 9.4
License agreements4,981 (4,981)— 0.0
Non-compete agreements6,558 (3,898)2,660 3.5
Contractual customers33,731 (3,822)29,909 7.0
Other4,552 (1,722)2,830 5.3
 Total$109,458 $(33,259)$76,199 7.1

Intangible amortization expense for the years ended December 31, 2022, 2021 and 2020 was $14.3 million, $8.9 million and $6.7 million, respectively. Intangible amortization is included as a part of “Depreciation and amortization” on the accompanying consolidated statements of operations. Impairment charges are included in intangible amortization expense.
    
    The estimated future amortization of definite life intangible assets as of December 31, 2022 was as follows (in thousands):
2023$13,769 
202413,215 
202511,791 
20268,357 
20275,556 
Thereafter11,540 
Total$64,228