Goodwill, Finite-Lived, and Indefinite-Lived Intangibles

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Finite-Lived, and Indefinite-Lived Intangibles

Goodwill, Finite-Lived, and Indefinite-Lived Intangibles

    Changes in the carrying amount of goodwill for the nine months ended September 30, 2022 and the year ended December 31, 2021 are reflected in the following table:

	September 30, 2022		December 31, 2021
	(Unaudited)
	(In thousands)
Beginning Balance	$	939,249	$	949,037
Additions	—		—
Purchase accounting adjustments	—		1,201
Foreign currency translation adjustments	$	(51,947)	(10,989)
Ending Balance	$	887,302	$	939,249

    The carrying value of finite-lived and indefinite-lived intangible assets at September 30, 2022 and December 31, 2021 are as follows:

	September 30, 2022		December 31, 2021
	(Unaudited)
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	100,429	$	102,446
Developed technology	19,860		20,234
Dealer network	5,959		6,534
Airport contracts	4,049		4,441
Trademarks	2,625		2,696
Store networks	2,184		2,396
Brand	803		880
Non-compete agreements	705		721
Database	212		212
Backlog	140		140
Total intangibles	136,966		140,700
Accumulated amortization	(98,941)		(93,905)
Finite-lived intangibles, net	$	38,025	$	46,795
Indefinite-lived intangibles:
Customer/territorial relationships	$	16,647	$	16,647

Amortization expense recognized in connection with acquired intangible assets was $2.3 million and $7.3 million for the three and nine month period ended September 30, 2022, respectively, and $2.7 million and $7.9 million for the three and nine month period ended September 30, 2021, respectively.