Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

11. Goodwill and Intangible Assets

Goodwill consisted of the following as of:


	December 31,
	2022			2021
Beginning Balance as of January 1	$	442,761		$	193,877
Goodwill acquired		—			253,332
Purchase accounting adjustment		(522	)		—
Currency translation adjustments		(6,960	)		(4,448	)

Ending Balance	$	435,279		$	442,761

Identified intangible assets consisted of the following as of:


	Gross Amount		Accumulated Amortization			Carrying Value		Weighted Average Remaining Life
December 31, 2022
Customer relationships	$	80,168	$	(24,919	)		55,249		7.4
Contractor relationships		535		(288	)		247		6.0
Trade name		14,012		(3,050	)		10,962		5.0
Technology		89,262		(30,895	)		58,367		4.2
Internally developed software		10,155		—			10,155		3.0
	$	194,132	$	(59,152	)	$	134,980

	Gross Amount		Accumulated Amortization			Carrying Value		Weighted Average Remaining Life
December 31, 2021
Customer relationships	$	81,053	$	(16,842	)	$	64,211		8.2
Contractor relationships		535		(247	)		288		7.0
Trade name		14,435		(706	)		13,729		5.8
Technology		90,464		(16,283	)		74,181		5.0
	$	186,487	$	(34,078	)	$	152,409

The Company capitalized $10,155 of costs during the year ended December 31, 2022, related to internally developed software to be sold as a service incurred during the application development stage and is amortizing these costs over the expected lives of the related services. There was no amortization expense for internally developed software for the years ended December 31, 2022, 2021 and 2020. Amortization expense related to acquired intangible assets for the years ended December 31, 2022, 2021 and 2020 was $24,638, $13,929 and $8,007, respectively. Included in this amortization expense for the year ended December 31, 2020 was $255 related to the write off of historical trade names.

Estimated future amortization expense of the identified intangible assets as of December 31, 2022, is as follows:


2023	$	27,899
2024	$	27,915
2025	$	27,899
2026	$	20,212
2027	$	11,279
Thereafter		19,776
		134,980