Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.21.1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
 
     March 31, 2021      December 31, 2020  
     Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		      Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		  
Goodwill and intangible assets:
                                                    
Goodwill
    $ 34,046      $ —       $ 34,046      $ 33,375      $ —       $ 33,375  
Intangible assets
(1)
      23,975        (7,204 )      16,771        24,745        (6,067 )      18,678  
    
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
     $ 58,021      $ (7,204 )    $ 50,817      $ 58,120      $ (6,067 )    $ 52,053  
    
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
 
 
(1)
Total weighted average amortization period was
 
5.53 years and 5.57 years as of March 31, 2021 and December 31, 2020, respectively.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
 
     Three Months Ended
March 31,		  
     2021      2020  
Beginning balance
    $ 33,375      $ 15,072  
Additions from acquisitions
(1)
      671        3,990  
Impairment losses
      —          —    
    
 
 
     
 
 
  
Ending balance
    $ 34,046      $ 19,062  
    
 
 
     
 
 
  
 
(1)
 
The 2021 addition represents a measurement period adjustment.
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):
 
    
March 31, 
2021
  
Remainder of 2021
    $ 2,737  
2022
      3,474  
2023
      3,419  
2024
      2,891  
2025
      2,659  
Thereafter
      1,591  
    
 
 
  
     $ 16,771