Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.23.1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
March 31, 2023 December 31, 2022
Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value		 Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 37,931  $ —  $ 37,931  $ 37,914  $ —  $ 37,914 
Intangible assets (1)
32,304  (15,684) 16,620  32,287  (14,505) 17,782 
$ 70,235  $ (15,684) $ 54,551  $ 70,201  $ (14,505) $ 55,696 
(1)
Total weighted average amortization period was 4.1 years and 4.5 years as of March 31, 2023 and December 31, 2022, 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, 2023
Beginning balance $ 37,914 
Additions from acquisitions — 
Impact of foreign currency translation 17 
Ending balance $ 37,931 
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, 2023
Remainder of 2023 $ 3,435 
2024 4,091 
2025 3,873 
2026 2,156 
2027 1,736 
Thereafter 1,329 
$ 16,620