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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Goodwill consisted of the following:

 

 

 

Nine Months Ended September 30, 2023

 

 

Beginning Balance as of January 1

 

$

435,279

 

 

Goodwill impairment

 

 

(436,479

)

 

Currency translation adjustments

 

 

1,200

 

 

Ending Balance

 

$

 

 

Schedule of Finite-Lived Intangible Assets

Identified intangible assets consisted of the following:

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Carrying
Value

 

 

Weighted
Average
Remaining
Life

 

September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

80,222

 

 

$

(31,001

)

 

$

49,221

 

 

 

6.7

 

Contractor relationships

 

 

535

 

 

 

(319

)

 

 

216

 

 

 

5.3

 

Tradename

 

 

13,877

 

 

 

(4,686

)

 

 

9,191

 

 

 

4.3

 

Technology

 

 

88,824

 

 

 

(41,300

)

 

 

47,524

 

 

 

3.5

 

Internally developed software

 

 

23,991

 

 

 

(4,254

)

 

 

19,737

 

 

 

2.5

 

 

$

207,449

 

 

$

(81,560

)

 

$

125,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September 30, 2023, is as follows:

 

2023

 

$

8,115

 

2024

 

 

32,427

 

2025

 

 

32,411

 

2026

 

 

21,884

 

2027

 

 

11,266

 

Thereafter

 

 

19,786

 

 

$

125,889