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

Other intangible assets, net consist of the following components:

 

 

 

As of

 

 

 

June 30, 2022

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Amount

 

Customer lists/relationships

 

$

144,735

 

 

$

(52,274

)

 

$

92,461

 

Technology and other intangibles

 

 

47,441

 

 

 

(27,078

)

 

 

20,363

 

Other intangible assets, net

 

$

192,176

 

 

$

(79,352

)

 

$

112,824

 

Amortization expense for the three months ended
   June 30, 2022

 

 

 

 

$

2,536

 

 

 

 

Amortization expense for the six months ended
   June 30, 2022

 

 

 

 

$

4,918

 

 

 

 

 

 

 

As of

 

 

 

December 31, 2021

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Amount

 

Customer lists/relationships

 

$

96,889

 

 

$

(49,213

)

 

$

47,676

 

Technology and other intangibles

 

 

47,441

 

 

 

(25,229

)

 

 

22,212

 

Other intangible assets, net

 

$

144,330

 

 

$

(74,442

)

 

$

69,888

 

Amortization expense for the three months ended
   June 30, 2021

 

 

 

 

$

2,348

 

 

 

 

Amortization expense for the six months ended
   June 30, 2021

 

 

 

 

$

4,717

 

 

 

 

Summary of Amortization Expense Remaining for Other Intangible Assets

Remaining amortization expense for other intangible assets as of June 30, 2022 is as follows:

 

 

 

Amortization
expense

 

2022

 

$

6,538

 

2023

 

 

11,107

 

2024

 

 

10,945

 

2025

 

 

10,723

 

2026

 

 

10,689

 

Thereafter

 

 

62,822

 

Total amortization expense

 

$

112,824

 

Summary Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill were as follows:

 

 

Total

 

Goodwill as of December 31, 2021

 

$

109,798

 

     Increase from acquisitions

 

 

30,381

 

     Foreign exchange impact

 

 

(562

)

Goodwill as of June 30, 2022

 

$

139,617