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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The following table summarizes changes in the carrying amount of goodwill for the six months ended June 30, 2022 (in thousands):

 

 

 

Carrying Amount

 

Balance at December 31, 2021

 

$

464,566

 

Measurement period adjustments

 

 

280

 

Balance at June 30, 2022

 

$

464,846

 

 

Summary of Gross Carrying Amount and Accumulated Amortization of Intangible Assets by Major Class

The following tables summarize gross carrying amounts and accumulated amortization of intangible assets by major class (in thousands):

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Weighted Average
Amortization Period (years)

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Risk Contracts

 

$

64,570

 

 

$

(16,642

)

 

$

47,928

 

 

 

7

 

Non-compete agreements

 

 

4,170

 

 

 

(1,101

)

 

 

3,069

 

 

 

5

 

Trademarks

 

 

1,862

 

 

 

(1,193

)

 

 

669

 

 

 

2

 

Other

 

 

251

 

 

 

(32

)

 

 

220

 

 

 

5

 

Total

 

$

70,852

 

 

$

(18,967

)

 

$

51,885

 

 

 

 

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Weighted Average
Amortization Period (years)

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Risk Contracts

 

$

64,822

 

 

$

(9,818

)

 

$

55,004

 

 

 

7

 

Non-compete agreements

 

 

4,202

 

 

 

(686

)

 

 

3,516

 

 

 

5

 

Trademarks

 

 

1,867

 

 

 

(827

)

 

 

1,040

 

 

 

2

 

Other

 

 

251

 

 

 

 

 

 

251

 

 

 

5

 

Total

 

$

71,141

 

 

$

(11,331

)

 

$

59,811