Schedule of Carrying Amount of Goodwill |
The carrying amount of goodwill was $80,247 as of December 31, 2023 and $46,498 as of December 31, 2022.
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|
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|
|
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|
Goodwill |
|
Balance at December 31, 2022 |
|
$ |
46,498 |
|
Broadbean acquisition |
|
|
32,923 |
|
Foreign currency translation/other |
|
|
826 |
|
Balance at December 31, 2023 |
|
$ |
80,247 |
|
|
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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|
|
December 31, 2023 |
|
|
December 31, 2022 |
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|
|
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 |
|
|
1.7 |
|
|
|
44,100 |
|
|
|
(24,601 |
) |
|
|
19,499 |
|
|
|
33,800 |
|
|
|
(15,512 |
) |
|
|
18,288 |
|
Customer and supplier relationships |
|
|
4.0 |
|
|
|
99,000 |
|
|
|
(36,323 |
) |
|
|
62,677 |
|
|
|
81,800 |
|
|
|
(22,091 |
) |
|
|
59,709 |
|
Noncompete agreements |
|
|
0.0 |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
Trademarks and trade names |
|
|
3.1 |
|
|
|
2,300 |
|
|
|
(1,053 |
) |
|
|
1,247 |
|
|
|
2,300 |
|
|
|
(633 |
) |
|
|
1,667 |
|
Total |
|
|
3.2 |
|
|
$ |
150,282 |
|
|
$ |
(66,859 |
) |
|
$ |
83,423 |
|
|
$ |
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 December 31, 2023:
|
|
|
|
|
2024 |
|
$ |
23,953 |
|
2025 |
|
|
21,427 |
|
2026 |
|
|
16,569 |
|
2027 |
|
|
13,541 |
|
2028 |
|
|
7,870 |
|
Thereafter |
|
|
63 |
|
Total |
|
$ |
83,423 |
|
|