Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.2.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill

The following table summarizes changes in goodwill during the nine months ended September 30, 2022 and the twelve months ended December 31, 2021 (in thousands):

Goodwill:

    

    

Balance at December 31, 2020

    

$

653,176

Additions

 

69,264

Adjustments due to currency translation

 

(621)

Balance at December 31, 2021

 

721,819

Additions

 

60,962

Measurement adjustments

65

Adjustments due to currency translation

 

(10,521)

Balance at September 30, 2022

$

772,325

Schedule of Components of Indefinite-lived and Amortizable Intangible Assets

The following table sets forth the components of indefinite-lived and amortizable intangible assets as of September 30, 2022 and December 31, 2021 (in thousands):

    

    

September 30, 2022

December 31, 2021

Accumulated

Carrying

Accumulated

Carrying

Useful Life

Gross

Amortization

Value

Gross

Amortization

Value

in Years

Amortizable intangible assets:

Customer contracts

$

567,698

$

(248,316)

$

319,382

$

551,277

$

(225,348)

$

325,929

 

3-20

Trademarks and tradenames

18,086

(7,201)

 

10,885

12,784

(6,492)

 

6,292

 

7-20

Non-compete agreements

13,999

(6,927)

 

7,072

13,125

(5,573)

 

7,552

 

3-20

Patents

6,934

(6,692)

 

242

6,946

(5,509)

 

1,437

 

3-15

Other assets

1,910

(1,645)

 

265

2,150

(1,687)

 

463

 

10

Total amortizable intangible assets

$

608,628

$

(270,781)

337,847

$

586,282

$

(244,609)

341,673

 

  

Indefinite-lived intangible assets:

 

  

 

  

 

  

Trademarks and tradenames

 

103,131

 

102,684

 

  

Internet domains

 

2,227

 

2,227

 

  

Total indefinite-lived intangible assets

 

105,358

 

104,911

 

  

Total customer contracts and other intangible assets

$

443,205

$

446,584

 

  

Schedule of estimated amortization expense

(in thousands)

    

  

2022 (excluding the nine months ended September 30, 2022)

    

$

16,283

2023

 

59,772

2024

 

56,197

2025

 

47,083

2026

 

42,670