Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 8 – Goodwill and Other Intangible Assets

Other Intangible Assets

Other intangible assets, net consist of the following components:

	As of
	September 30, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	141,339	$	(54,569	)	$	86,770
Technology and other intangibles		47,441		(28,004	)		19,437
Other intangible assets, net	$	188,780	$	(82,573	)	$	106,207
Amortization expense for the three months ended    September 30, 2022			$	3,262
Amortization expense for the nine months ended    September 30, 2022			$	8,179

	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    September 30, 2021			$	2,348
Amortization expense for the nine months ended    September 30, 2021			$	7,065

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

	Amortization expense
2022	$	3,316
2023		10,825
2024		10,663
2025		10,441
2026		10,407
Thereafter		60,555
Total amortization expense	$	106,207

Goodwill

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

	Total
Goodwill as of December 31, 2021	$	109,798
Increase from acquisitions		31,967
Foreign exchange impact		(2,820	)
Goodwill as of September 30, 2022	$	138,945