Identifiable Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Identifiable Intangible Assets, Excluding Discontinued Operations

The components of identifiable intangible assets are:

(in thousands)	June 30, 2021		December 31, 2020		Estimated useful life
Acquired and internally developed software costs	$	135,875	$	40,170	3 - 7 years
Customer relationships	12,360		4,860		7 years
Trade names	1,410		1,410		2 - 5 years
Non-competition agreements	30		30		1 year
	149,675		46,470
Less accumulated amortization	(28,127)		(20,265)
	121,548		26,205
Internally developed software costs not yet ready for its intended use	2,978		6,516
Trademarks, trade names (non-amortizable)	6,200		400
	$	130,726	$	33,121

Schedule of Future Amortization of Intangible Assets

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software costs not meeting the general release threshold, is as follows (in thousands):

2021, remaining	$	11,630
2022	21,889
2023	19,881
2024	17,281
2025	16,857
Thereafter	34,010
Total	$	121,548

Schedule of Goodwill

Goodwill carried by the Restaurant/Retail and Government segments is as follows:

(in thousands)
Beginning balance - December 31, 2020	$	41,214
Punchh Acquisition	417,559
Ending balance - June 30, 2021	$	458,773