XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.22.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of changes in carrying amount of goodwill | The changes in the carrying amount of goodwill for the two years ended December 31, 2021 are as follows:
| Enterprise Software |  | Appraisal and Tax |  | NIC |  | Total
Balance as of 12/31/2019 | $ | 825,949 |  |  | $ | 14,168 |  |  | $ | — |  |  | $ | 840,117 |
Purchase price adjustments related to CHT acquisition | (1,689) |  |  | — |  |  | — |  |  | (1,689) |
Balance as of 12/31/2020 | 824,260 |  |  | 14,168 |  |  | — |  |  | 838,428 |
Goodwill acquired related to the purchase of NIC | — |  |  | — |  |  | 1,446,868 |  |  | 1,446,868 |
Goodwill acquired related to the purchase of VendEngine | 54,456 |  |  | — |  |  | — |  |  | 54,456 |
Goodwill acquired related to other acquisitions | 19,922 |  |  | — |  |  | — |  |  | 19,922 |
Balance as of 12/31/2021 | $ | 898,638 |  |  | $ | 14,168 |  |  | $ | 1,446,868 |  |  | $ | 2,359,674 |
Summary of other intangible assets and related accumulated amortization | Other intangible assets and related accumulated amortization consists of the following at December 31:
| 2021 |  | 2020
Gross carrying amount of other intangibles: |  |  |
Customer related intangibles | $ | 949,844 |  |  | $ | 322,619 |
Acquired software | 433,800 |  |  | 262,286 |
Trade names | 45,353 |  |  | 22,905 |
Leases acquired | 5,037 |  |  | 5,037 |
| 1,434,034 |  |  | 612,847 |
Accumulated amortization | (381,541) |  |  | (290,779) |
Total other intangibles, net | $ | 1,052,493 |  |  | $ | 322,068 |
Summary of allocation of acquisition intangible assets | The amortization periods of other intangible assets is summarized in the following table:
| December 31, 2021 |  | December 31, 2020
| Gross Carrying Amount |  | Weighted Average Amortization Period |  | Accumulated Amortization |  | Gross Carrying Amount |  | Weighted Average Amortization Period |  | Accumulated Amortization
Non-amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 2,359,674 |  |  | — |  |  | $ | — |  |  | $ | 838,428 |  |  | — |  |  | $ | — |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |
Customer related intangibles | $ | 949,844 |  |  | 21 years |  | $ | 157,077 |  |  | $ | 322,619 |  |  | 16 years |  | $ | 116,609 |
Acquired software | 433,800 |  |  | 7 years |  | 208,451 |  |  | 262,286 |  |  | 7 years |  | 162,378 |
Trade names | 45,353 |  |  | 10 years |  | 13,064 |  |  | 22,905 |  |  | 11 years |  | 9,366 |
Leases acquired | 5,037 |  |  | 9 years |  | 2,949 |  |  | 5,037 |  |  | 9 years |  | 2,426 |
Summary of estimated annual amortization expense | Estimated annual amortization expense related to capitalized software development costs:
2022 | $ | 3,442 |
2023 | 3,285 |
2024 | 3,212 |
2025 | 2,501 |
2026 | 1,339 |
Thereafter | 14,710 |
| $ | 28,489 |
Estimated annual amortization expense related to other intangibles included in the table below:
2022 | $ | 105,244 |
2023 | 87,249 |
2024 | 86,699 |
2025 | 86,016 |
2026 | 78,165 |
Thereafter | 609,120 |
| $ | 1,052,493 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration