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Goodwill and Other Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023 is as follows:

 
  
Years Ended December 31,
 
 
  
2023
 
  
2022
 
  
2021
 
 
  
(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,
 
 
  
2023
 
  
2022
 
  
2021
 
 
  
(Amounts in thousands)
 
Data and Analytics Services:
        
Beginning balance
   $ 24,083      $ 24,083      $ 24,083  
Goodwill recorded
     —         —         —   
Impairment
     (5,300      —         —   
  
 
 
    
 
 
    
 
 
 
Ending balance
   $ 18,783      $ 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, 2023 and 2022:

 
  
As of December 31, 2023
 
(Amounts in thousands)
  
Amortization
Period (In Years)
 
  
Gross Carrying
Value
 
  
Accumulative
Amortization
 
  
Net Carrying
Value
 
IT Staffing Services:
       
Client relationships
    12     $ 7,999     $ 5,694     $ 2,305  
Covenant-not-to-compete
    5       319       319       —   
Trade name
    3       249       249       —   
Data and Analytics Services:
       
Client relationships
    12       19,641       9,776       9,865  
Covenant-not-to-compete
    5       1,201       1,047       154  
Trade name
    5       1,711       1,539       172  
Technology
    7       1,979       1,474       505  
   
 
 
   
 
 
   
 
 
 
Total Intangible Assets
    $ 33,099     $ 20,098     $ 13,001  
   
 
 
   
 
 
   
 
 
 
 
 
  
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  
   
 
 
   
 
 
   
 
 
 
Schedule of Estimated Amortization Expense
The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2024 through 2028 is as follows:
 
    
Years Ended December 31,
 
    
2024
    
2025
    
2026
    
2027
    
2028
 
    
(Amounts in thousands)
 
Amortization expense
   $ 2,693      $ 2,553      $ 2,413      $ 2,025      $ 1,637