Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

6. Intangible Assets

Identified intangible assets consisted of the following:


	Gross Amount		Accumulated Amortization			Carrying Value		Weighted Average Remaining Life
March 31, 2024
Customer relationships	$	80,483	$	(35,116	)		45,367		6.3
Contractor relationships		535		(340	)		195		4.8
Tradename		14,079		(5,875	)		8,204		3.9
Technology		89,478		(48,682	)		40,796		3.1
Internally developed software		28,029		(8,253	)		19,776		2.7
	$	212,604	$	(98,266	)	$	114,338

	Gross Amount		Accumulated Amortization			Carrying Value		Weighted Average Remaining Life
December 31, 2023
Customer relationships	$	80,558	$	(33,109	)		47,449		6.5
Contractor relationships		535		(329	)		206		5.0
Trade name		14,303		(5,389	)		8,914		4.1
Technology		90,204		(45,482	)		44,722		3.3
Internally developed software		25,210		(6,253	)		18,957		2.4
	$	210,810	$	(90,562	)	$	120,248

The Company capitalized $2,818 in the three months ended March 31, 2024, 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. Amortization expense related to intangible assets for the three months ended March 31, 2024 and 2023 was $8,144 and $6,932, respectively. Estimated future amortization expense of the identified intangible assets as of March 31, 2024, is as follows:


2024	$	24,577
2025		33,370
2026		22,887
2027		12,127
2028		9,647
Thereafter		11,730
	$	114,338