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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Change in Goodwill | The change in goodwill during 2022 consisted of the following:
(dollars in thousands) | Total
Balance at December 31, 2021 | $ | 1,058,640 |
Additions related to business combination(1) | 3,610 |
Adjustments related to prior year business combination(2) | (2,232) |
Adjustments related to dispositions(3) | (2,501) |
Effect of foreign currency translation | (7,245) |
Balance at December 31, 2022 | $ | 1,050,272 |
Fair Values Of Intangible Assets Acquired In Various Business Combinations By Class | The table below sets forth the balances of each class of intangible asset and related amortization as of:
| December 31,
(dollars in thousands) | 2022 | 2021
Finite-lived gross carrying amount |  |
Customer relationships | $ | 569,009 |  | $ | 606,409 |
Marketing assets | 69,643 |  | 74,731 |
Developed technology | 182,463 |  | 211,552 |
Content | 17,900 |  | 17,900 |
Total finite-lived gross carrying amount | 839,015 |  | 910,592 |
Accumulated amortization |  |
Customer relationships | (146,948) |  | (151,258) |
Marketing assets | (8,371) |  | (7,269) |
Developed technology | (46,571) |  | (54,013) |
Content | (1,989) |  | — |
Total accumulated amortization | (203,879) |  | (212,540) |
Intangible assets, net | $ | 635,136 |  | $ | 698,052 |
Summary of Amortization Expense | The following table summarizes amortization expense of our finite-lived intangible assets:
| Years ended December 31,
(dollars in thousands) | 2022 | 2021 | 2020
Included in cost of revenue: |  |  |
Cost of recurring | $ | 47,085 |  | $ | 33,132 |  | $ | 36,835 |
Cost of one-time services and other | 1,407 |  | 1,680 |  | 2,133 |
Total included in cost of revenue | 48,492 |  | 34,812 |  | 38,968 |
Included in operating expenses | 2,925 |  | 2,227 |  | 2,915 |
Total amortization of intangibles from business combinations | $ | 51,417 |  | $ | 37,039 |  | $ | 41,883 |
Future Amortization Expense for Finite-Lived Intangible Assets | The following table outlines the estimated future amortization expense for each of the next five years for our finite-lived intangible assets as of December 31, 2022:
Years ending December 31, (dollars in thousands) | Amortization expense
2023 | 55,426 |
2024 | 62,015 |
2025 | 65,552 |
2026 | 63,915 |
2027 | 59,755 |
Total | $ | 306,663 |

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