XML 36 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Identifiable Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Identifiable Intangible Assets and Goodwill Identifiable Intangible Assets and Goodwill
The Company's identifiable intangible assets represent intangible assets acquired in acquisitions and software development costs. The components of identifiable intangible assets are:
(in thousands)March 31, 2023December 31, 2022Estimated
Useful Life
Weighted-Average Amortization Period
Acquired developed technology $119,800 $119,800 
3 - 7 years
5.17 years
Internally developed software costs33,132 32,274 3 years2.09 years
Customer relationships12,360 12,360 7 years4.36 years
Trade names1,410 1,410 
2 - 5 years
2.25 years
Non-competition agreements30 30 1 year1 year
 166,732 165,874  
Impact of currency translation on intangible assets434 304 
Less: accumulated amortization and currency translation(69,666)(63,386) 
 97,500 102,792  
Internally developed software costs not meeting general release threshold2,504 2,105 
Trademarks, trade names (non-amortizable)6,200 6,200 Indefinite
 $106,204 $111,097 

Software costs placed into service during the three months ended March 31, 2023 and 2022, were $0.9 million and $1.5 million, respectively.

Amortization expense for acquired developed technology and internally developed software was broken out as follows:

(in thousands)March 31, 2023March 31, 2022
Amortization of acquired developed technology$4,078 $3,650 
Amortization of internally developed software1,735 1,634 
Impact of currency translation on intangible assets(129)— 


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

(in thousands)
2023, remaining$17,969 
202421,401 
202519,572 
202617,698 
202714,748 
Thereafter6,112 
Total$97,500 
Goodwill carried by the Restaurant/Retail and Government segments is as follows:

(in thousands)
Beginning balance - December 31, 2022$486,762 
Foreign currency translation321 
Ending balance - March 31, 2023$487,083