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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Goodwill consisted of the following:

 

 

 

Three Months Ended March 31, 2023

 

 

Beginning Balance as of January 1

 

$

435,279

 

 

Goodwill impairment

 

 

(330,309

)

 

Currency translation adjustments

 

 

1,737

 

 

Ending Balance

 

$

106,707

 

 

Schedule of Finite-Lived Intangible Assets

Identified intangible assets consisted of the following:

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Carrying
Value

 

 

Weighted
Average
Remaining
Life

 

March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

80,341

 

 

$

(26,958

)

 

 

53,383

 

 

 

7.2

 

Contractor relationships

 

 

535

 

 

 

(298

)

 

 

237

 

 

 

5.8

 

Tradename

 

 

14,162

 

 

 

(3,637

)

 

 

10,525

 

 

 

4.8

 

Technology

 

 

89,747

 

 

 

(34,550

)

 

 

55,197

 

 

 

4.0

 

Internally developed software

 

 

16,905

 

 

 

(846

)

 

 

16,059

 

 

 

2.9

 

 

$

201,690

 

 

$

(66,289

)

 

$

135,401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated future amortization expense of the identified intangible assets as of March 31, 2023, is as follows:

 

2023

 

$

22,739

 

2024

 

 

30,308

 

2025

 

 

30,292

 

2026

 

 

20,883

 

2027

 

 

11,320

 

Thereafter

 

 

19,859

 

 

$

135,401