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Intangible Assets and Goodwill (Tables) | 9 Months Ended
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Sep. 30, 2024
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 September 30, |  |  | Nine Months Ended September 30, |
Capitalized software development costs |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Capitalized |  | $ | 4,852 |  |  | $ | 4,165 |  |  | $ | 12,939 |  |  | $ | 11,898 |
Amortized |  |  | 4,443 |  |  |  | 3,910 |  |  |  | 13,310 |  |  |  | 11,194 |
Schedule of Intangible Assets |
|  | As of September 30, 2024 |
|  | Gross |  |  | Accumulated |  |  |  |
|  | Amount |  |  | Amortization |  |  | Net Amount |
Internally developed software |  | $ | 114,248 |  |  | $ | (87,965 | ) |  | $ | 26,283 |
Non-compete |  |  | 6,194 |  |  |  | (4,352 | ) |  |  | 1,842 |
Customer relationships |  |  | 72,512 |  |  |  | (43,809 | ) |  |  | 28,703 |
Technology |  |  | 45,791 |  |  |  | (33,077 | ) |  |  | 12,714 |
Trade name |  |  | 7,748 |  |  |  | (3,257 | ) |  |  | 4,491 |
Total intangible assets |  | $ | 246,493 |  |  | $ | (172,460 | ) |  | $ | 74,033 |
|  | As of December 31, 2023 |
|  | Gross |  |  | Accumulated |  |  |  |
|  | Amount |  |  | Amortization |  |  | Net Amount |
Internally developed software |  | $ | 101,471 |  |  | $ | (74,655 | ) |  | $ | 26,816 |
Non-compete |  |  | 6,194 |  |  |  | (3,738 | ) |  |  | 2,456 |
Customer relationships |  |  | 72,512 |  |  |  | (37,601 | ) |  |  | 34,911 |
Technology |  |  | 45,791 |  |  |  | (30,178 | ) |  |  | 15,613 |
Trade name |  |  | 7,748 |  |  |  | (2,739 | ) |  |  | 5,009 |
Total intangible assets |  | $ | 233,716 |  |  | $ | (148,911 | ) |  | $ | 84,805 |
Total Amortization Expense Associated with Identifiable Intangible Assets | Total amortization expense associated with identifiable intangible assets was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Total amortization expense associated with identifiable intangible assets |  | $ | 7,856 |  |  | $ | 7,533 |  |  | $ | 23,549 |  |  | $ | 22,064 |
Impairment and write-off of intangible assets Impairment and write-off expense related to internally developed software projects was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Impairment and write-off of intangible assets |  | $ | - |  |  | $ | - |  |  | $ | 162 |  |  | $ | - |
Impairment and Write-off of Intangible Assets | Impairment and write-off expense related to internally developed software projects was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Impairment and write-off of intangible assets |  | $ | - |  |  | $ | - |  |  | $ | 162 |  |  | $ | - |

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- Definition Tabular disclosure of impaired intangible assets excluding goodwill. This may include a description of the facts and circumstances leading to the recording of impairment charges of intangible assets in the period, the amount of the impairment charges, the methods of determining fair value of the associated assets, the caption in the income statement in which the impairment losses are aggregated, and the segment in which the impaired intangible assets are reported. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 + Details
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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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