Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net

v3.22.1
Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
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