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Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Gross Amount and Accumulated Amortization of Intangible Assets

The gross amount and accumulated amortization of intangible assets with finite useful lives included in “Intangible assets, net” on the consolidated balance sheets are as follows (in thousands except for years):

		September 30, 2023												December 31, 2022												Weighted Average
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Amortization Period (in years)
Backlog		$	160,700			$	(71,713	)		$	88,987			$	142,200			$	(45,903	)		$	96,297				4.3
Customer relationships			345,620				(174,196	)			171,424				293,730				(146,032	)			147,698				9.0
Leases			120				(101	)			19				120				(87	)			33				1.0
Developed technology			31,600				(14,145	)			17,455				16,600				(11,560	)			5,040				5.5
Trade name			1,200				(267	)			933				5,000				(3,083	)			1,917				1.1
Non-compete agreements			2,150				(1,587	)			563				3,350				(2,074	)			1,276				3.3
In process research and development			1,800				-				1,800				1,800				-				1,800			n/a
Other intangibles			1,175				(258	)			917				275				(209	)			66				3.5
Total intangible assets		$	544,365			$	(262,267	)		$	282,098			$	463,075			$	(208,948	)		$	254,127

Schedule of Estimated Amortization Expense

Estimated amortization expense for the remainder of the current fiscal year, each of the next four years and beyond is as follows (in thousands):

		September 30, 2023
2023		$	18,505
2024			45,773
2025			39,599
2026			35,880
2027			34,766
Thereafter			105,775
Total		$	280,298

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- References

No definition available.

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- 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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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- 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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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