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OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

Intangible Assets Disclosure [Text Block]

(7)OTHER INTANGIBLE ASSETS

Other intangible assets which are included in Other long-term assets in the accompanying Consolidated Balance Sheets consisted of the following (in thousands):


							Acquisitions		Effect of
	December 31,						and		Foreign		December 31,
	2021		Amortization		Impairments		Adjustments		Currency		2022
Customer relationships, gross	$	299,948	$	—	$	—	$	61,310	$	(5,541)	$	355,717
Customer relationships - accumulated amortization		(93,582)		(33,244)		—		—		2,944		(123,882)
Other intangible assets, gross		19,731		—		—		—		(19)		19,712
Other intangible assets - accumulated amortization		(13,748)		(3,899)		—		—		9		(17,638)
Other intangible assets, net	$	212,349	$	(37,143)	$	—	$	61,310	$	(2,607)	$	233,909


							Acquisitions		Effect of
	December 31,						and		Foreign		December 31,
	2020		Amortization		Impairments		Adjustments		Currency		2021
Customer relationships, gross	$	173,601	$	—	$	—	$	128,186	$	(1,839)	$	299,948
Customer relationships - accumulated amortization		(68,769)		(25,440)		(671)		—		1,298		(93,582)
Other intangible assets, gross		14,450		—		—		5,300		(19)		19,731
Other intangible assets - accumulated amortization		(7,223)		(6,529)		—		—		4		(13,748)
Other intangible assets, net	$	112,059	$	(31,969)	$	(671)	$	133,486	$	(556)	$	212,349

The acquisition recorded during 2022 relates to the purchase of Faneuil and the acquisition recorded during 2021 relates to the purchase of Avtex (see Note 2 for further information).

Customer relationships are being amortized over the remaining weighted average useful life of 7.1 years and other intangible assets are being amortized over the remaining weighted average useful life of 1.0 years. Amortization expense related to intangible assets was $37.1 million, $32.0 million and $16.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Expected future amortization of other intangible assets as of December 31, 2022 is as follows (in thousands):


2023	$	35,521
2024		32,958
2025		31,008
2026		30,948
2027		30,948
Thereafter		72,526
Total	$	233,909