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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Capitalized Software Development Costs

The following table presents information about capitalized software development costs:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Capitalized software development costs

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Capitalized

 

$

4,791

 

 

$

4,171

 

 

$

9,335

 

 

$

8,078

 

Amortized

 

 

2,951

 

 

 

2,690

 

 

 

5,492

 

 

 

5,263

 

Schedule of Intangible Assets

 

 

June 30, 2022

 

 

 

Weighted Average

 

Gross

 

 

Accumulated

 

 

 

 

 

 

Useful Life

 

Amount

 

 

Amortization

 

 

Net Amount

 

Internally developed software

 

3 Years

 

$

77,369

 

 

$

(52,967

)

 

$

24,402

 

Non-compete

 

4 Years

 

 

6,194

 

 

 

(1,249

)

 

 

4,945

 

Customer relationships

 

9 Years

 

 

72,512

 

 

 

(25,191

)

 

 

47,321

 

Technology

 

7 Years

 

 

45,791

 

 

 

(24,382

)

 

 

21,409

 

Trade name

 

10 Years

 

 

7,747

 

 

 

(1,689

)

 

 

6,058

 

Total intangible assets

 

 

 

$

209,613

 

 

$

(105,478

)

 

$

104,135

 

 

 

 

December 31, 2021

 

 

 

Weighted Average

 

Gross

 

 

Accumulated

 

 

 

 

 

 

Useful Life

 

Amount

 

 

Amortization

 

 

Net Amount

 

Internally developed software

 

3 Years

 

$

68,033

 

 

$

(47,475

)

 

$

20,558

 

Non-compete

 

3 Years

 

 

2,100

 

 

 

(420

)

 

 

1,680

 

Customer relationships

 

9 Years

 

 

69,442

 

 

 

(21,091

)

 

 

48,351

 

Technology

 

7 Years

 

 

45,791

 

 

 

(22,329

)

 

 

23,462

 

Trade name

 

10 Years

 

 

7,747

 

 

 

(1,343

)

 

 

6,404

 

Total intangible assets

 

 

 

$

193,113

 

 

$

(92,658

)

 

$

100,455

 

Total Amortization Expense Associated with Identifiable Intangible Assets

Total amortization expense associated with identifiable intangible assets was as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Total amortization expense associated with identifiable intangible assets

 

$

6,687

 

 

$

5,442

 

 

$

12,821

 

 

$

10,768