Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

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
	June 30, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	96,889	$	(46,367	)	$	50,522
Technology and other intangibles		47,441		(23,379	)		24,062
In process research and development		2,200		(2,200	)		—
Other intangible assets, net	$	146,530	$	(71,946	)	$	74,584
Amortization expense for the three months ended    June 30, 2021			$	2,348
Amortization expense for the six months ended    June 30, 2021			$	4,717

	As of
	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	97,355	$	(44,002	)	$	53,353
Technology and other intangibles		47,301		(21,533	)		25,768
In process research and development		2,200		(2,200	)		—
Other intangible assets, net	$	146,856	$	(67,735	)	$	79,121
Amortization expense for the three months ended    June 30, 2020			$	2,268
Amortization expense for the six months ended    June 30, 2020			$	4,563

Remaining amortization expense for other intangible assets as of June 30, 2021 is as follows:

	Amortization Expense
2021	$	4,696
2022		9,176
2023		7,170
2024		7,008
2025		6,787
Thereafter		39,747
Total amortization expense	$	74,584

Goodwill

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

	Total
Goodwill as of December 31, 2020	$	109,497
Decrease from purchase accounting adjustments		(29	)
Increase due to acquisition		430
Goodwill as of June 30, 2021	$	109,898

In addition to the purchase accounting adjustments from the SSI transaction, goodwill increased due to an acquisition completed during the second quarter. The purchase price was approximately $510, with $255 paid in the second quarter of 2021 and an additional $255 to be paid in the second quarter of 2022. We expect small adjustments to the purchase price allocation to be completed in the third quarter.