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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | NOTE 8 – Goodwill and Other Intangible Assets Goodwill Changes in the net carrying amount of goodwill were as follows:
|  | Total |
Goodwill as of December 31, 2022 |  | $ | 152,361 |
Changes from acquisition purchase accounting |  |  | 2,914 |
Foreign exchange impact |  |  | 656 |
Goodwill as of June 30, 2023 |  | $ | 155,931 |
Other Intangible Assets Other intangible assets, net consist of the following components:
|  | As of |
|  | June 30, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Amount |
Customer lists/relationships |  | $ | 143,844 |  |  | $ | (59,005 | ) |  | $ | 84,839 |
Technology and other intangibles |  |  | 53,972 |  |  |  | (30,094 | ) |  |  | 23,878 |
Other intangible assets, net |  | $ | 197,816 |  |  | $ | (89,099 | ) |  | $ | 108,717 |
|  | As of |
|  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Amount |
Customer lists/relationships |  | $ | 148,899 |  |  | $ | (59,603 | ) |  | $ | 89,296 |
Technology and other intangibles |  |  | 45,255 |  |  |  | (26,498 | ) |  |  | 18,757 |
Other intangible assets, net |  | $ | 194,154 |  |  | $ | (86,101 | ) |  | $ | 108,053 |
Amortization expense for the three months ended June 30, 2023 and June 30, 2022 was $2,857 and $2,536, respectively. Amortization expense for the six months ended June 30, 2023 and June 30, 2022 was $5,368 and $4,918, respectively. The changes in the gross carrying amounts of intangible assets are primarily due to business acquisition and purchase accounting activity in the quarter as discussed in Note 3 “Business Acquisitions.” Remaining amortization expense for other intangible assets as of June 30, 2023 is as follows:
|  | Amortization expense |
2023 |  | $ | 5,648 |
2024 |  |  | 11,146 |
2025 |  |  | 10,658 |
2026 |  |  | 10,501 |
2027 |  |  | 10,443 |
Thereafter |  |  | 60,321 |
Total amortization expense |  | $ | 108,717 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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