| Schedule of Carrying Amount of Goodwill |
The carrying amount of goodwill was $78,388 as of September 30, 2023 and $46,498 as of December 31, 2022.
|
|
|
|
|
|
|
Goodwill |
|
Balance at December 31, 2022 |
|
$ |
46,498 |
|
Broadbean acquisition |
|
$ |
31,947 |
|
Foreign currency translation/other |
|
|
(57 |
) |
Balance at September 30, 2023 |
|
$ |
78,388 |
|
|
| Summary of Finite-Lived Intangible Assets Resulting from Business Acquisitions and Other Purchases |
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized:
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|
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|
|
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|
|
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|
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|
September 30,
2023 |
|
|
December 31,
2022 |
|
|
|
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 |
|
|
$ |
(3,582 |
) |
|
$ |
— |
|
|
$ |
3,582 |
|
|
$ |
(3,582 |
) |
|
$ |
— |
|
Licensed technology |
|
|
0.0 |
|
|
|
500 |
|
|
|
(500 |
) |
|
|
— |
|
|
|
500 |
|
|
|
(500 |
) |
|
|
— |
|
Developed technology |
|
|
1.9 |
|
|
|
44,100 |
|
|
|
(22,352 |
) |
|
|
21,748 |
|
|
|
33,800 |
|
|
|
(15,512 |
) |
|
|
18,288 |
|
Customer and supplier relationships |
|
|
4.2 |
|
|
|
99,000 |
|
|
|
(32,703 |
) |
|
|
66,297 |
|
|
|
81,800 |
|
|
|
(22,091 |
) |
|
|
59,709 |
|
Noncompete agreements |
|
|
0.0 |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
Trademarks and trade names |
|
|
3.3 |
|
|
|
2,300 |
|
|
|
(948 |
) |
|
|
1,352 |
|
|
|
2,300 |
|
|
|
(633 |
) |
|
|
1,667 |
|
Total |
|
|
3.4 |
|
|
$ |
150,282 |
|
|
$ |
(60,885 |
) |
|
$ |
89,397 |
|
|
$ |
122,782 |
|
|
$ |
(43,118 |
) |
|
$ |
79,664 |
|
|
| Summary of Future Amortization of Finite-Lived Intangible Assets |
The following table presents future amortization of the Company’s finite-lived intangible assets as of September 30, 2023:
|
|
|
|
|
2023 (three months) |
|
$ |
5,937 |
|
2024 |
|
|
23,972 |
|
2025 |
|
|
21,522 |
|
2026 |
|
|
16,589 |
|
2027 |
|
|
13,527 |
|
Thereafter |
|
|
7,850 |
|
Total |
|
$ |
89,397 |
|
|