Goodwill and Intangible Assets, Net |
NOTE 7. GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The carrying amount of goodwill was $36,630 as of March 31, 2022 and $34,058 December 31, 2021.
|
|
Goodwill
|
|
Balance at December 31, 2021
|
|
$
|
34,058
|
|
March 2022 acquisition
|
|
|
2,572
|
|
Balance at March 31, 2022
|
|
$
|
36,630
|
|
Intangible Assets
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized:
|
|
|
|
|
|
March 31, 2022
|
|
|
December 31, 2021
|
|
|
|
Weighted
Average
Remaining
Useful
Life (in years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net
Carrying
Amount
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net
Carrying
Amount
|
|
Software and technology
|
|
|
0.0
|
|
|
$
|
3,582
|
|
|
$
|
(3,555
|
)
|
|
$
|
27
|
|
|
$
|
3,582
|
|
|
$
|
(3,515
|
)
|
|
$
|
67
|
|
Licensed technology
|
|
|
0.0
|
|
|
|
500
|
|
|
|
(500
|
)
|
|
|
—
|
|
|
|
500
|
|
|
|
(500
|
)
|
|
|
—
|
|
Developed technology
|
|
|
3.1
|
|
|
|
25,600
|
|
|
|
(9,047
|
)
|
|
|
16,553
|
|
|
|
25,600
|
|
|
|
(7,564
|
)
|
|
|
18,036
|
|
Customer and supplier relationships
|
|
|
5.9
|
|
|
|
80,100
|
|
|
|
(12,173
|
)
|
|
|
67,927
|
|
|
|
77,300
|
|
|
|
(9,157
|
)
|
|
|
68,143
|
|
Noncompete agreements
|
|
|
0.3
|
|
|
|
800
|
|
|
|
(727
|
)
|
|
|
73
|
|
|
|
800
|
|
|
|
(683
|
)
|
|
|
117
|
|
Trade names
|
|
|
4.6
|
|
|
|
2,300
|
|
|
|
(317
|
)
|
|
|
1,983
|
|
|
|
2,100
|
|
|
|
(216
|
)
|
|
|
1,884
|
|
Total
|
|
|
5.4
|
|
|
$
|
112,882
|
|
|
$
|
(26,319
|
)
|
|
$
|
86,563
|
|
|
$
|
109,882
|
|
|
$
|
(21,635
|
)
|
|
$
|
88,247
|
|
The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2022:
2022 (9 months)
|
|
$
|
14,532
|
|
2023
|
|
|
17,891
|
|
2024
|
|
|
15,371
|
|
2025
|
|
|
13,788
|
|
2026
|
|
|
10,288
|
|
Thereafter
|
|
|
14,693
|
|
Total
|
|
$
|
86,563
|
|
|