Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.22.2.2
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
September 30, 2022 December 31, 2021
Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value		 Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 38,101  $ —  $ 38,101  $ 34,071  $ —  $ 34,071 
Intangible assets (1)
32,444  (13,453) 18,991  23,974  (9,940) 14,034 
$ 70,545  $ (13,453) $ 57,092  $ 58,045  $ (9,940) $ 48,105 
(1)
Total weighted average amortization period was 4.7 years and 4.4 years as of September 30, 2022 and December 31, 2021, respectively.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
Nine Months Ended
September 30,
2022 2021
Beginning balance $ 34,071  $ 33,375 
Additions from acquisitions (1)
4,030  696 
Impairment losses —  — 
Ending balance $ 38,101  $ 34,071 
(1)
The 2021 addition represents a measurement period adjustment for an acquisition made in 2020.
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):
September 30, 2022
Remainder of 2022 $ 1,171 
2023 4,617 
2024 4,101 
2025 3,881 
2026 2,156 
Thereafter 3,065 
$ 18,991