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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the Company’s goodwill balance for the six months ended June 30, 2022 are summarized in the table below:
($ in thousands) |  | Goodwill
Balance at December 31, 2021 |  | $ | 457,472 |
Acquired in business combinations |  | 48,768 |
Adjustment related to prior year business combinations |  | 1,466 |
Adjustment related to finalization of current year business combinations |  | (226) |
Foreign currency translation adjustment and other |  | (14,999) |
Balance at June 30, 2022 |  | $ | 492,481 |
Schedule of Intangible Assets, Net | The following is a summary of the Company’s intangible assets, net (in thousands):
| Estimated Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
June 30, 2022: |  |  |  |  |  |  |
Customer relationships | 1-10 |  | $ | 372,591 |  |  | $ | 142,416 |  |  | $ | 230,175 |
Trade name | 1.5-10 |  | 9,857 |  |  | 6,175 |  |  | 3,682 |
Developed technology | 4-9 |  | 93,064 |  |  | 50,184 |  |  | 42,880 |
Non-compete agreements | 3 |  | 1,148 |  |  | 1,148 |  |  | — |
Favorable Leases | 6.3 |  | 287 |  |  | 23 |  |  | 264 |
Total intangible assets |  |  | $ | 476,947 |  |  | $ | 199,946 |  |  | $ | 277,001 |
| Estimated Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
December 31, 2021: |  |  |  |  |  |  |
Customer relationships | 1-10 |  | $ | 358,943 |  |  | $ | 126,329 |  |  | $ | 232,614 |
Trade name | 1.5-10 |  | 9,714 |  |  | 5,752 |  |  | 3,962 |
Developed technology | 4-9 |  | 88,548 |  |  | 45,204 |  |  | 43,344 |
Non-compete agreements | 3 |  | 1,148 |  |  | 1,148 |  |  | — |
Total intangible assets |  |  | $ | 458,353 |  |  | $ | 178,433 |  |  | $ | 279,920 |
Schedule of Estimated Annual Amortization Expense | As of June 30, 2022, the estimated annual amortization expense for the next five years and thereafter is as follows (in thousands):
|  | Amortization Expense
Year ending December 31: |  |
Remainder of 2022 |  | $ | 25,803 |
2023 |  | 50,546 |
2024 |  | 48,060 |
2025 |  | 44,823 |
2026 |  | 41,871 |
2027 and thereafter |  | 65,898 |
Total |  | $ | 277,001 |

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