Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, net (Tables)

v3.22.4
Goodwill and Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Finite-lived intangible assets are initially recorded at fair value and are subsequently presented net of accumulated amortization. Intangible assets are amortized on a straight-line basis over their estimated useful lives as follows:
Customer relationships
5 -10 years
Trade names
5 - 8 years
Intangible assets, net as of December 31, 2022 consist of the following (in thousands, except weighted average remaining life):
Cost
Accumulated
amortization
Carrying
value
Weighted
average
remaining life
(in years)
Customer relationships $ 32,770  $ (25,336) $ 7,434  1.8
Trade names 6,990  (6,897) 93  0.3
Total
$ 39,760  $ (32,233) $ 7,527 
Intangible assets, net as of December 31, 2021 consist of the following (in thousands, except weighted average remaining life):
Cost
Accumulated
amortization
Carrying
value
Weighted
average
remaining life
(in years)
Customer relationships
$ 32,770  $ (20,346) $ 12,424  2.7
Trade names
6,990  (6,523) 467  1.3
Total
$ 39,760  $ (26,869) $ 12,891 
Schedule of Expected Amortization of Intangible Assets As of December 31, 2022, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows (in thousands):
2023 $ 4,673 
2024 2,269 
2025 585 
2026 — 
2027 — 
Thereafter
— 
Total
$ 7,527