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Goodwill and Other Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of Goodwill
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  
    
 
 
    
 
 
    
 
 
 
Components of Identifiable Intangible assets
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  
            
 
 
    
 
 
    
 
 
 
Schedule of Estimated Amortization Expense
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