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Goodwill and Intangible Assets | 7 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
7. | Goodwill and Intangible Assets
The following table summarizes Goodwill activity for the period from inception (May 19, 2021) to December 31, 2021:
|  | December 31, 2021 |
|  | (In thousands) |
Balance, May 19, 2021 |  | $ | 79,954 |
Impact of foreign currency translation |  |  | (4,451 | )
Balance, December 31, 2021 |  | $ | 75,503 |
The following table summarizes the Company’s Intangible assets, excluding Goodwill:
|  | December 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |
|  | (In thousands) |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |
Trade names |  | $ | 4,124 |  |  | $ | — |
Definite-lived intangible assets |  |  |  |  |  |  |  |
Software |  |  | 1,509 |  |  |  | (1,280 | )
Acquired customer relationships |  |  | 27,402 |  |  |  | (12,432 | )
|  | $ | 33,035 |  |  | $ | (13,712 | )
Amortization expense for the period from inception (May 19, 2021) to December 31, 2021 was $1.0 million. See Note 2, “Summary of Significant Accounting Policies” for discussion regarding impairment of Intangible assets.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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