Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.23.3
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 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):
September 30, 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 $ 37,909  $ —  $ 37,909  $ 37,914  $ —  $ 37,914 
Intangible assets (1)
30,884  (16,706) 14,178  32,287  (14,505) 17,782 
$ 68,793  $ (16,706) $ 52,087  $ 70,201  $ (14,505) $ 55,696 
(1)
Total weighted average amortization period was 4.0 years and 4.5 years as of September 30, 2023 and December 31, 2022, respectively. Intangible assets principally include non-competes and customer relationships.
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, 2023
Beginning balance $ 37,914 
Additions from acquisitions — 
Impact of foreign currency translation (5)
Ending balance $ 37,909 
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, 2023
Remainder of 2023 $ 1,063 
2024 4,022 
2025 3,871 
2026 2,156 
2027 1,855 
Thereafter 1,211 
$ 14,178