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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

9.GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets are as follows for the periods presented:

As of December 31, 

2022

2021

Goodwill

$

251,842

$

270,041

Other intangible assets, net

5,181

 

2,661

Total

$

257,023

$

272,702

The changes in the carrying amount of goodwill are as follows for the periods presented:

As of December 31, 

2022

2021

Balance, January 1

$

270,041

$

16,329

Acquisitions

 

265,867

Measurement period adjustments

(10,329)

Foreign currency translation adjustments

(7,870)

(12,155)

Balance, December 31, gross

251,842

270,041

Accumulated impairment losses

Balance, December 31, net

$

251,842

$

270,041

The Company recognized various amortizable other intangible assets in connection with acquisitions, including customer relationships, technology and tradenames. The following tables provide additional information for our other intangible assets, which are individually not material to the consolidated financial statements:

As of December 31, 

2022

2021

Weighted average amortization period (years)

3.5

4.2

As of December 31, 2022

As of December 31, 2021

Gross Carrying Amount

Accumulated Amortization

Gross Carrying Amount

Accumulated Amortization

Customer relationships

$

8,225

$

3,855

$

1,922

$

623

Trademarks and tradenames

1,240

887

1,047

337

Developed technology

1,202

744

1,141

489

Total

$

10,667

$

5,486

$

4,110

$

1,449

For the year ended December 31, 

Cost of Revenues, Software Subscriptions

Selling and
Marketing Expense

Total Expense

2022

    

$

234

    

$

3,779

$

4,013

2021

253

813

1,066

2020

267

176

443

The following table presents estimated future amortization of intangible assets:

Year Ending December 31,

    

    

2023

$

2,852

2024

 

2,066

2025

 

263

Total

$

5,181

The Company recorded other intangible assets of $6,500 during the year ended December 31, 2022 in connection with finalization of the LCR-Dixon acquisition opening balance sheet. The Company recorded amortization expense of $2,825 for the year ended December 31, 2022, which is included in cost of revenues, software subscriptions and selling and marketing expense. Included in this amount is $625 that would have been recorded during the year ended December 31, 2021 had the fair value of the acquired LCR-Dixon other intangible assets been available on the acquisition date.