XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.24.3

Goodwill and intangible assets | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets | Goodwill and intangible assets Goodwill and intangible assets consisted of:
|  | As of
|  |  |  | September 30, 2024 |  | December 31, 2023
(in thousands) |  | Useful life (months) |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Customer relationships |  | 84 - 120 |  | $ | 43,500 |  |  | $ | (28,113) |  |  | $ | 15,387 |  |  | $ | 43,500 |  |  | $ | (23,947) |  |  | $ | 19,553 |
Non-compete agreements |  | 60 |  | 303 |  |  | (303) |  |  | — |  |  | 303 |  |  | (303) |  |  | — |
Trademarks, trade names, and domain names |  | 60 - 120 |  | 9,284 |  |  | (3,083) |  |  | 6,201 |  |  | 8,884 |  |  | (2,422) |  |  | 6,462 |
Intangible assets |  |  |  | $ | 53,087 |  |  | $ | (31,499) |  |  | $ | 21,588 |  |  | $ | 52,687 |  |  | $ | (26,672) |  |  | $ | 26,015 |
Goodwill |  | Indefinite |  | $ | 47,739 |  |  | $ | — |  |  | $ | 47,739 |  |  | $ | 47,739 |  |  | $ | — |  |  | $ | 47,739 |
Amortization expense related to intangible assets amounted to $1.6 million and $1.7 million for the three months ended September 30, 2024 and 2023, respectively, and $4.8 million and $5.2 million for the nine months ended September 30, 2024 and 2023, respectively. The Company has no accumulated impairment of goodwill. The following table presents the changes in goodwill and intangible assets:
|  | As of
|  | September 30, 2024 |  | December 31, 2023
(in thousands) |  | Goodwill |  | Intangible assets |  | Goodwill |  | Intangible assets
Beginning balance at January 1, |  | $ | 47,739 |  |  | $ | 26,015 |  |  | $ | 47,739 |  |  | $ | 32,932 |
Additions to goodwill and intangible assets |  | — |  |  | 400 |  |  | — |  |  | — |
Amortization |  | — |  |  | (4,827) |  |  | — |  |  | (6,917) |
Ending balance |  | $ | 47,739 |  |  | $ | 21,588 |  |  | $ | 47,739 |  |  | $ | 26,015 |
As of September 30, 2024, future amortization expense relating to identifiable intangible assets with estimable useful lives over the next five years was as follows:
(in thousands) |  | Amortization expense
2024–Remaining Period |  | $ | 1,603 |
2025 |  | 5,776 |
2026 |  | 5,173 |
2027 |  | 4,140 |
2028 |  | 2,336 |
Thereafter |  | 2,560 |
|  | $ | 21,588 |

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 goodwill and intangible assets. + 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration