Annual report pursuant to Section 13 and 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.20.4
Acquisitions, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
 
    
December 31, 2020
    
December 31, 2019
 
    
Gross

Carrying

Amount
    
Accumulated

Amortization
   
Net Book

Value
    
Gross

Carrying

Amount
    
Accumulated

Amortization
   
Net Book

Value
 
Goodwill and intangible assets:
                                                   
Goodwill
   $ 33,375      $ —       $ 33,375      $ 15,072      $ —       $ 15,072  
Intangible assets
 
(1)
     24,745        (6,067     18,678        9,050        (1,810     7,240  
    
 
 
    
 
 
   
 
 
    
 
 
    
 
 
   
 
 
 
     $ 58,120      $ (6,067   $ 52,053      $ 24,122      $ (1,810   $ 22,312  
    
 
 
    
 
 
   
 
 
    
 
 
    
 
 
   
 
 
 
 
(1)
Total weighted average amortization period was 5.57 years and 4.37
 
years as of December 31, 2020 and 2019, respectively.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
 
    
Years Ended
December 31,
 
    
2020
    
2019
 
Beginning balance
   $ 15,072      $ 11,459  
Additions from acquisitions
     18,303        3,613  
Impairment losses
     —          —    
    
 
 
    
 
 
 
Ending balance
   $ 33,375      $ 15,072  
    
 
 
    
 
 
 
Schedule of Estimated Amortization Expense for Intangible Assets
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
 
    
Year Ended
December 31,
 
2021
   $ 4,002  
2022
     3,584  
2023
     3,529  
2024
     3,016  
2025
     2,764  
Thereafter
     1,783  
    
 
 
 
     $ 18,678