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Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

7. Intangible Assets and Goodwill

Intangible Assets

The following table presents information about capitalized software development costs:

 

 

Three Months Ended March 31,

 

Capitalized software development costs

 

2023

 

 

2022

 

Capitalized

 

$

3,855

 

 

$

4,544

 

Amortized

 

 

3,616

 

 

 

2,541

 

 

 

 

March 31, 2023

 

 

 

Weighted Average

 

Gross

 

 

Accumulated

 

 

 

 

 

 

Useful Life

 

Amount

 

 

Amortization

 

 

Net Amount

 

Internally developed software

 

3 Years

 

$

89,778

 

 

$

(63,277

)

 

$

26,501

 

Non-compete

 

4 Years

 

 

6,194

 

 

 

(2,494

)

 

 

3,700

 

Technology

 

7 Years

 

 

45,791

 

 

 

(27,281

)

 

 

18,510

 

Customer relationships

 

9 Years

 

 

72,512

 

 

 

(31,396

)

 

 

41,116

 

Trade name

 

10 Years

 

 

7,748

 

 

 

(2,211

)

 

 

5,537

 

Total intangible assets

 

 

 

$

222,023

 

 

$

(126,659

)

 

$

95,364

 

 

 

 

December 31, 2022

 

 

 

Weighted Average

 

Gross

 

 

Accumulated

 

 

 

 

 

 

Useful Life

 

Amount

 

 

Amortization

 

 

Net Amount

 

Internally developed software

 

3 Years

 

$

85,923

 

 

$

(59,661

)

 

$

26,262

 

Non-compete

 

4 Years

 

 

6,194

 

 

 

(2,079

)

 

 

4,115

 

Technology

 

7 Years

 

 

45,791

 

 

 

(26,314

)

 

 

19,477

 

Customer relationships

 

9 Years

 

 

72,512

 

 

 

(29,327

)

 

 

43,185

 

Trade name

 

10 Years

 

 

7,748

 

 

 

(2,038

)

 

 

5,710

 

Total intangible assets

 

 

 

$

218,168

 

 

$

(119,419

)

 

$

98,749

 

 

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

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Total amortization expense associated with identifiable intangible assets

 

$

7,239

 

 

$

6,134

 

 

Goodwill

There were no changes in goodwill during the three months ended March 31, 2023.