XML 32 R17.htm IDEA: XBRL DOCUMENT v3.22.4
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
A summary of intangible assets as of December 31, 2022 and 2021 is as follows (in thousands):
 December 31, 2022
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$165,231 $(91,296)$73,935 
Non-compete agreements4,281 (4,281)— 
Trade names20,563 (19,830)733 
Technology2,707 (1,978)729 
Licenses840 (830)10 
Other12,983 (12,983)— 
Intangible assets$206,605 $(131,198)$75,407 
 
 December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$165,381 $(79,081)$86,300 
Non-compete agreements4,357 (4,357)— 
Trade names20,590 (19,606)984 
Technology2,731 (1,773)958 
Licenses850 (774)76 
Other12,988 (12,988)— 
Intangible assets$206,897 $(118,579)$88,318 
Amortization expense on intangible assets for the years ended December 31, 2022 and 2021 was $12.9 million, and $12.9 million, respectively. Amortization expense for intangible assets is forecast to be approximately $12.2 million per year from 2023 through 2027.
The weighted-average amortization period for intangible assets subject to amortization was 13.7 years as of December 31, 2022. The weighted-average amortization period as of December 31, 2022 is 13.7 years for customer relationships, 13.2 years for trade names, 10.0 years for technology and 10.5 years for licenses.