XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Acquired Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Acquired Intangible Assets [Abstract] |
Goodwill and Acquired Intangible Assets | Note 7. Goodwill and Acquired Intangible Assets Goodwill In connection with our operating segment reorganization, we reassessed our reporting units and reallocated goodwill from the reporting units that existed prior to the change to the new reporting units, using a relative fair value allocation approach similar to that used when a portion of a reporting unit is to be disposed of. We performed goodwill impairment tests as of January 1, 2023 on both the reporting units in place prior to the change and the new reporting units, and concluded that the estimated fair values of each of the reporting units exceeded their respective carrying amounts and, therefore, no impairment charge was necessary. Acquired Intangible Assets Acquired identifiable intangible assets consist of the following:
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
Customer relationships |  | $ | 159,447 |  |  | $ | 158,717 |
Patents, developed technology and intellectual property |  |  | 14,123 |  |  |  | 14,123 |
Trademarks and trade names |  |  | 8,880 |  |  |  | 8,880 |
Non-compete agreements |  |  | 3,291 |  |  |  | 3,282 |
Supply agreements |  |  | 800 |  |  |  | 800 |
Leaseholds |  |  | 160 |  |  |  | 160 |
Total acquired intangible assets |  |  | 186,701 |  |  |  | 185,962 |
Less accumulated amortization (1) |  |  | (89,683 | ) |  |  | (86,945 | )
Net acquired intangible assets |  | $ | 97,018 |  |  | $ | 99,017 |
| (1) | Applies to all intangible assets, except for trademarks and trade names totaling $2.6 million, which has an indefinite useful life and, as such, is not being amortized.
Total amortization expense for acquired intangible assets was $2.2 million and $2.1 million for the three months ended March 31, 2023 and 2022, respectively. Based on the current estimated useful lives assigned to our intangible assets, amortization expense is estimated to be $6.3 million for the remainder of 2023, $8.5 million in 2024, $8.4 million in 2025, $8.4 million in 2026 and $62.8 million in the aggregate for the years 2027 through 2041.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration