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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

(table only in thousands)

 

Three Months Ended March 31, 2022

 

 

Year ended December 31, 2021

 

Goodwill / Tradename

 

Goodwill

 

 

Tradename

 

 

Goodwill

 

 

Tradename

 

Beginning balance

 

$

161,183

 

 

$

9,629

 

 

$

161,820

 

 

$

12,937

 

Acquisitions

 

 

20,667

 

 

 

 

 

 

 

 

 

 

Transfers to finite life classification

 

 

 

 

 

 

 

 

 

 

 

(3,150

)

Foreign currency translation

 

 

(251

)

 

 

(56

)

 

 

(637

)

 

 

(158

)

 

 

$

181,599

 

 

$

9,573

 

 

$

161,183

 

 

$

9,629

 

Intangible Assets - Finite Life

(table only in thousands)

 

As of March 31, 2022

 

 

As of December 31, 2021

 

Intangible assets – finite life

 

Cost

 

 

Accum. Amort.

 

 

Cost

 

 

Accum. Amort.

 

Technology

 

$

14,457

 

 

$

14,038

 

 

$

14,457

 

 

$

13,704

 

Customer lists

 

 

73,199

 

 

 

54,838

 

 

 

73,199

 

 

 

53,970

 

Tradename

 

 

9,728

 

 

 

2,974

 

 

 

9,728

 

 

 

2,745

 

Foreign currency adjustments

 

 

(1,950

)

 

 

(697

)

 

 

(2,149

)

 

 

(1,025

)

 

 

$

95,434

 

 

$

71,153

 

 

$

95,235

 

 

$

69,394

 

Summary of Finite Lived Intangible Assets Activities

Activity for the three-months ended March 31, 2022 and 2021 is as follows:

(table only in thousands)

 

2022

 

 

2021

 

Intangible assets – finite life, net at beginning of period

 

$

25,841

 

 

$

29,637

 

Amortization expense

 

 

(1,431

)

 

 

(1,685

)

Transfers from indefinite life classification

 

 

 

 

 

3,150

 

Foreign currency adjustments

 

 

(129

)

 

 

(81

)

Intangible assets – finite life, net at end of period

 

$

24,281

 

 

$

31,021