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Goodwill and Other Intangible Assets, net | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net |
4. | Goodwill and Other Intangible Assets, net
Goodwill related to our June 15, 2015 acquisition of Hudson IT totaled $8.4 million. Goodwill related to our July 13, 2017 acquisition of the services division of InfoTrellis totaled $27.4 million. Goodwill related to our October 1, 2020 acquisition of AmberLeaf totaled $6.4 million. During 2018, the Company recorded a goodwill impairment related to the InfoTrellis acquisition of $9.7 million. A reconciliation of the beginning and ending amounts of goodwill by operating segment for the three years ended December 31, 2022 is as follows:
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (Amounts in thousands) |
IT Staffing Services: |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 8,427 |  |  | $ | 8,427 |  |  | $ | 8,427 |
Goodwill recorded |  |  | — |  |  |  | — |  |  |  | — |
Impairment |  |  | — |  |  |  | — |  |  |  | — |
Ending balance |  | $ | 8,427 |  |  | $ | 8,427 |  |  | $ | 8,427 |
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (Amounts in thousands) |
Data and Analytics Services: |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 24,083 |  |  | $ | 24,083 |  |  | $ | 17,679 |
Goodwill recorded |  |  | — |  |  |  | — |  |  |  | 6,404 |
Impairment |  |  | — |  |  |  | — |  |  |  | — |
Ending balance |  | $ | 24,083 |  |  | $ | 24,083 |  |  | $ | 24,083 |
The Company is amortizing the identifiable intangible assets on a straight-line basis over estimated average lives ranging from 3 to 12 years. Identifiable intangible assets were comprised of the following as of December 31, 2022 and 2021:
|  | As of December 31, 2022 |
(Amounts in thousands) |  | Amortization Period (In Years) |  |  | Gross Carrying Value |  |  | Accumulative Amortization |  |  | Net Carrying Value |
IT Staffing Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Client relationships |  |  | 12 |  |  | $ | 7,999 |  |  | $ | 5,027 |  |  | $ | 2,972 |
Covenant-not-to-compete |  |  | 5 |  |  |  | 319 |  |  |  | 319 |  |  |  | — |
Trade name |  |  | 3 |  |  |  | 249 |  |  |  | 249 |  |  |  | — |
Data and Analytics Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Client relationships |  |  | 12 |  |  |  | 19,641 |  |  |  | 8,140 |  |  |  | 11,501 |
Covenant-not-to-compete |  |  | 5 |  |  |  | 1,201 |  |  |  | 959 |  |  |  | 242 |
Trade name |  |  | 5 |  |  |  | 1,711 |  |  |  | 1,441 |  |  |  | 270 |
Technology |  |  | 7 |  |  |  | 1,979 |  |  |  | 1,191 |  |  |  | 788 |
Total Intangible Assets |  |  |  |  |  | $ | 33,099 |  |  | $ | 17,326 |  |  | $ | 15,773 |
|  | As of December 31, 2021 |
(Amounts in thousands) |  | Amortization Period (In Years) |  |  | Gross Carrying Value |  |  | Accumulative Amortization |  |  | Net Carrying Value |
IT Staffing Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Client relationships |  |  | 12 |  |  | $ | 7,999 |  |  | $ | 4,361 |  |  | $ | 3,638 |
Covenant-not-to-compete |  |  | 5 |  |  |  | 319 |  |  |  | 319 |  |  |  | — |
Trade name |  |  | 3 |  |  |  | 249 |  |  |  | 249 |  |  |  | — |
Data and Analytics Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Client relationships |  |  | 12 |  |  |  | 19,641 |  |  |  | 6,503 |  |  |  | 13,138 |
Covenant-not-to-compete |  |  | 5 |  |  |  | 1,201 |  |  |  | 788 |  |  |  | 413 |
Trade name |  |  | 5 |  |  |  | 1,711 |  |  |  | 1,211 |  |  |  | 500 |
Technology |  |  | 7 |  |  |  | 1,979 |  |  |  | 908 |  |  |  | 1,071 |
Total Intangible Assets |  |  |  |  |  | $ | 33,099 |  |  | $ | 14,339 |  |  | $ | 18,760 |
Amortization expense for the years ended December 31, 2022, 2021 and 2020 totaled $3.0 mi llion, $3.2 mill ion and $2.8 million, respectively and is included in selling, general and administrative expenses in the Consolidated Statement of Operations. The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2023 through 2027 is as follows:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |
|  | (Amounts in thousands) |
Amortization expense |  | $ | 2,772 |  |  | $ | 2,693 |  |  | $ | 2,553 |  |  | $ | 2,413 |  |  | $ | 2,025 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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