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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Other Intangible Assets

Other intangible assets, net consist of the following components:

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

 

Weighted

Average

Remaining

Amortization

Period

(in years)

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists / relationships

 

$

96,889

 

 

$

(49,213

)

 

$

47,676

 

 

 

8.9

 

Technology and other intangibles

 

 

47,441

 

 

 

(25,229

)

 

 

22,212

 

 

 

6.8

 

Other intangible assets, net

 

$

144,330

 

 

$

(74,442

)

 

$

69,888

 

 

 

8.3

 

Amortization expense for the year ended

   December 31, 2021

 

 

 

 

 

$

9,413

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2020

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists / relationships

 

$

97,355

 

 

$

(44,002

)

 

$

53,353

 

Technology and other intangibles

 

 

47,301

 

 

 

(21,533

)

 

 

25,768

 

Other intangible assets, net

 

$

144,656

 

 

$

(65,535

)

 

$

79,121

 

Amortization expense for the year ended December 31, 2020

 

 

 

 

 

$

9,055

 

 

 

 

 

Amortization expense for the year ended December 31, 2019

 

 

 

 

 

$

7,770

 

 

 

 

 

 

Summary of Estimated Amortization Expense

The estimated amortization expense for the next five years and thereafter is as follows:

 

 

 

Amortization

expense

 

2022

 

$

9,176

 

2023

 

 

7,170

 

2024

 

 

7,008

 

2025

 

 

6,787

 

2026

 

 

6,752

 

Thereafter

 

 

32,995

 

Total future amortization expense

 

$

69,888

 

Summary Changes in Net Carrying Value Amount of Goodwill

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

 

 

 

Total

 

Goodwill as of December 31, 2019

 

$

106,056

 

Increase due to acquisition

 

 

3,441

 

Goodwill as of December 31, 2020

 

$

109,497

 

Increase due to acquisition

 

 

430

 

Decrease from purchase accounting adjustments

 

 

(129

)

Goodwill as of December 31, 2021

 

$

109,798