Goodwill, Finite-Lived, and Indefinite-Lived Intangibles

9 Months Ended

Sep. 30, 2023

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, 2023 and the year ended December 31, 2022 are reflected in the following table:

	September 30, 2023		December 31, 2022
	(Unaudited)
	(In thousands)
Beginning Balance	$	881,676	$	939,249
Additions	—		—
Purchase accounting adjustments	—		—
Foreign currency translation adjustments	$	(2,422)	(57,573)
Ending Balance	$	879,254	$	881,676

    The carrying value of finite-lived and indefinite-lived intangible assets at September 30, 2023 and December 31, 2022 are as follows:

	September 30, 2023		December 31, 2022
	(Unaudited)
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	100,877	$	101,401
Developed technology	36,835		34,427
Dealer network	5,987		5,877
Airport contracts	3,968		3,992
Trademarks	2,653		2,651
Store networks	2,140		2,153
Brand	786		791
Non-compete agreements	701		702
Database	212		212
Backlog	140		140
Total intangibles	154,299		152,346
Accumulated amortization	(109,214)		(101,446)
Finite-lived intangibles, net	$	45,085	$	50,900
Indefinite-lived intangibles:	.
Customer/territorial relationships	16,647		16,647

Amortization expense recognized in connection with acquired intangible assets was $3.3 million and $10.3 million and for the three and nine month period ended September 30, 2023, respectively, and $2.3 million and $7.3 million for the three and nine month period ended September 30, 2022, respectively.