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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The changes in goodwill are as follows:
| December 31, 2021 |  | December 31, 2020
Balance, beginning of period | $ | 62,951 |  |  | $ | 17,799 |
Goodwill additions and measurement period adjustments | $ | 62,450 |  |  | $ | 45,152 |
Balance, end of period | $ | 125,401 |  |  | $ | 62,951 |
A summary of intangible assets as of follows:
|  | Weighted-Average
|  | Amortization Period
|  | of Intangible Assets
|  | as of December 31, 2021
|  | (in years)
Tradenames |  | 4.15 years
Patents, trademarks |  | 4.08 years
Customer relationships |  | 5.30 years
Non-competes |  | 3.74 years
Intellectual property |  | 4.16 years
Intangible assets on the Company’s consolidated balance sheets consist of the following:
| December 31, 2021 |  | December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Tradenames | $ | 28,300 |  |  | $ | (4,948) |  |  | $ | 13,923 |  |  | $ | (398) |
Patents, trademarks | 100 |  |  | (42) |  |  | 100 |  |  | (9) |
Customer relationships | 25,175 |  |  | (3,055) |  |  | 6,297 |  |  | (138) |
Non-competes | 1,384 |  |  | (233) |  |  | 796 |  |  | (22) |
Intellectual property | 2,065 |  |  | (344) |  |  | — |  |  | — |
| $ | 57,024 |  |  | $ | (8,622) |  |  | $ | 21,116 |  |  | $ | (567) |
Amortization expense for the years ended December 31, 2021, 2020, and 2019 was $8.9 million, $789 thousand, and $5 thousand respectively.
Future amortization expense is as follows: |  |
2022 |  | $ | 10,597 |
2023 |  | 10,596 |
2024 |  | 10,590 |
2025 |  | 10,206 |
2026 |  | 5,159 |
Thereafter |  | 1,254 |
Total |  | $ | 48,402 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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