| Goodwill and Intangible Assets, Net |
NOTE 7. GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The carrying amount of goodwill was $78,355 as of June 30, 2023 and $46,498 as of December 31, 2022.
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|
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|
|
|
Goodwill |
|
Balance at December 31, 2022 |
|
$ |
46,498 |
|
Broadbean acquisition |
|
$ |
31,947 |
|
Foreign currency translation/other |
|
|
(90 |
) |
Balance at June 30, 2023 |
|
$ |
78,355 |
|
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:
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June 30,
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 |
|
|
2.1 |
|
|
|
44,100 |
|
|
|
(19,793 |
) |
|
|
24,307 |
|
|
|
33,800 |
|
|
|
(15,512 |
) |
|
|
18,288 |
|
Customer and supplier relationships |
|
|
4.4 |
|
|
|
99,000 |
|
|
|
(27,898 |
) |
|
|
71,102 |
|
|
|
81,800 |
|
|
|
(22,091 |
) |
|
|
59,709 |
|
Noncompete agreements |
|
|
0.0 |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
|
|
800 |
|
|
|
(800 |
) |
|
|
— |
|
Trademarks and trade names |
|
|
3.5 |
|
|
|
2,300 |
|
|
|
(843 |
) |
|
|
1,457 |
|
|
|
2,300 |
|
|
|
(633 |
) |
|
|
1,667 |
|
Total |
|
|
3.6 |
|
|
$ |
150,282 |
|
|
$ |
(53,416 |
) |
|
$ |
96,866 |
|
|
$ |
122,782 |
|
|
$ |
(43,118 |
) |
|
$ |
79,664 |
|
The following table presents future amortization of the Company’s finite-lived intangible assets as of June 30, 2023:
|
|
|
|
|
2023 (six months) |
|
$ |
13,406 |
|
2024 |
|
|
23,972 |
|
2025 |
|
|
21,522 |
|
2026 |
|
|
16,589 |
|
2027 |
|
|
13,527 |
|
Thereafter |
|
|
7,850 |
|
Total |
|
$ |
96,866 |
|
|