Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill

Changes in goodwill were as follows:

 

 

Goodwill Before Impairment

 

 

Cumulative Goodwill Impairments

 

 

Goodwill

 

Balance at December 31, 2022

$

163,360

 

 

$

(136,760

)

 

$

26,600

 

Goodwill impairment loss

 

—

 

 

 

(26,721

)

 

$

(26,721

)

Other

 

121

 

 

 

—

 

 

 

121

 

Balance at September 30, 2023

$

163,481

 

 

$

(163,481

)

 

$

—

 
Schedule of Intangible assets

Intangible assets consisted of the following:

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

Useful Life

 

2023

 

 

2022

 

Proprietary technology and capitalized internal-use software

 

3 - 7 years

 

$

41,556

 

 

$

41,495

 

Work in process

 

 

 

 

1,672

 

 

 

1,812

 

Customer relationships

 

10 - 15 years

 

 

160,500

 

 

 

160,500

 

Trade names

 

9 - 15 years

 

 

15,960

 

 

 

16,620

 

Less: accumulated amortization

 

 

 

 

(38,777

)

 

 

(26,180

)

Intangible assets, net

 

 

 

$

180,911

 

 

$

194,247

 

 
Schedule of amortization expense of intangible assets

The following table summarizes estimated future amortization expense of intangible assets placed in service at September 30, 2023 for the years ending:

Remainder of 2023

 

 

 

 

 

$

5,890

 

2024

 

 

 

 

 

 

23,546

 

2025

 

 

 

 

 

 

23,546

 

2026

 

 

 

 

 

 

23,546

 

2027

 

 

 

 

 

 

22,974

 

Thereafter

 

 

 

 

 

 

79,737

 

 

 

 

 

 

$

179,239