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Goodwill, Trade Name, and Customer Lists | 12 Months Ended
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Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill, Trade Name, and Customer Lists | Note 5. Goodwill, Trade Name, and Customer Lists The changes in the carrying amount of goodwill for the year ended December 31, 2021 (Successor), for the period from February 1, 2020 through December 31, 2020 (Successor) and for the period from January 1, 2020, through January 31, 2020 (Predecessor) were as follows (in thousands):
Successor: |  |  |
Balance – February 1, 2020 |  | $ | 767,797 |
Foreign currency translation |  |  | 2,292 |
Balance – December 31, 2020 |  | $ | 770,089 |
Acquisitions |  |  | 25,834 |
Foreign currency translation |  |  | (2,031 | )
Balance – December 31, 2021 |  | $ | 793,892 |
Predecessor: |  |  |
Balance – December 31, 2019 |  | $ | 261,590 |
Foreign currency translation |  |  | (61 | )
Balance – January 31, 2020 |  | $ | 261,529 |
The following summarizes the gross carrying value and accumulated amortization for the Company’s trade name and customer lists as of December 31, 2021 and 2020 (Successor) (in thousands):
|  | December 31, 2021 (Successor)
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 95,026 |  |  | $ | (15,441 | ) |  | $ | 79,585 |  |  | 20 years
Customer lists |  |  | 515,524 |  |  |  | (130,758 | ) |  |  | 384,766 |  |  | 14 years
Total |  | $ | 610,550 |  |  | $ | (146,199 | ) |  | $ | 464,351 |  |  |
|  | December 31, 2020 (Successor)
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 95,230 |  |  | $ | (7,528 | ) |  | $ | 87,702 |  |  | 20 years
Customer lists |  |  | 501,210 |  |  |  | (65,549 | ) |  | $ | 435,661 |  |  | 14 years
Total |  | $ | 596,440 |  |  | $ | (73,077 | ) |  | $ | 523,363 |  |  |
Amortization expense of trade name and customer lists was approximately $73.5 million, $72.7 million $0.8 million, and $11.1 million for the year ended December 31, 2021 (Successor), for the period from February 1, 2020 through December 31, 2020 (Successor), for the period from January 1, 2020 through January 31, 2020 (Predecessor), and for the year ended December 31, 2019 (Predecessor), respectively. Amortization expense relating to trade name and customer lists is expected to be as follows (in thousands):
Years Ending December 31, |  |  |
2022 |  | $ | 67,912 |
2023 |  |  | 61,379 |
2024 |  |  | 55,475 |
2025 |  |  | 49,324 |
2026 |  |  | 42,506 |
Thereafter |  |  | 187,755 |
|  | $ | 464,351 |

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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