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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
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 combinations48,768 
Adjustment related to prior year business combinations1,466 
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 Leases6.3287 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 
202350,546 
202448,060 
202544,823 
202641,871 
2027 and thereafter65,898 
Total$277,001