Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 4 – Goodwill and Intangible Assets

The table below sets forth the changes in goodwill:

Balance at December 31, 2020	$	158,331
Savitech acquisition		(9,152	)
Foreign currency translation adjustment		413
Balance at September 30, 2021	$	149,592

The decrease in goodwill is related to the payment of contingent consideration in connection with the Savitech acquisition.

The table below sets forth the value of intangible assets, other than goodwill:

	September 30,			December 31,
	2021			2020
Intangible assets subject to amortization:
Gross carrying amount	$	246,687		$	245,176
Accumulated amortization		(152,849	)		(140,710	)
Foreign currency translation adjustment		(7,635	)		(7,781	)
Total		86,203			96,685
Intangible assets with indefinite lives:
Gross carrying amount		13,372			14,883
Foreign currency translation adjustment		(1,005	)		(977	)
Total		12,367			13,906
Total intangible assets, net	$	98,570		$	110,591

The table below sets forth amortization expense related to intangible assets subject to amortization:

Amortization expense	2021		2020
Three Months Ended September 30,	$	4,056	$	4,007
Nine Months Ended September 30,	$	12,139	$	12,249