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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the Company’s goodwill balance for the nine months ended September 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 |  | 508 |
Foreign currency translation adjustment and other |  | (28,572) |
Balance at September 30, 2022 |  | $ | 479,642 |
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
September 30, 2022: |  |  |  |  |  |  |
Customer relationships | 1-10 |  | $ | 359,858 |  |  | $ | 147,631 |  |  | $ | 212,227 |
Trade name | 1.5-10 |  | 9,535 |  |  | 6,298 |  |  | 3,237 |
Developed technology | 4-9 |  | 90,186 |  |  | 51,848 |  |  | 38,338 |
Favorable Leases | 6.3 |  | 270 |  |  | 32 |  |  | 238 |
Total intangible assets |  |  | $ | 459,849 |  |  | $ | 205,809 |  |  | $ | 254,040 |
| 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 September 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 |  | $ | 12,409 |
2023 |  | 48,769 |
2024 |  | 46,381 |
2025 |  | 43,178 |
2026 |  | 40,299 |
2027 and thereafter |  | 63,004 |
Total |  | $ | 254,040 |

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