Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.21.2
Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2021
Intangible Assets and Goodwill  
Schedule of intangible assets

Weighted

    

    

Average 

Intangible

Intangible 

Useful Life 

Assets,

Accumulated

Assets, 

    

(in years)

    

gross

    

Amortization

    

Net

Customer relationships

 

9.0

$

48,590

$

(5,006)

$

43,584

Acquired technology

 

6.0

 

19,565

(8,008)

 

11,557

Trademarks and tradenames

 

9.0

 

23,873

(2,009)

 

21,864

Non-compete agreements

2.0

410

(179)

231

Value of business acquired

1.0

400

(194)

206

Renewal rights

8.0

9,734

(486)

9,248

Insurance licenses

Indefinite

4,960

4,960

Total intangible assets

 

$

107,532

$

(15,882)

$

91,650

Intangible assets consist of the following, as of December 31, 2020:

Weighted

    

    

    

Average 

Intangible

Intangible 

Useful Life 

Assets,

Accumulated 

Assets, 

    

(in years)

    

gross

    

Amortization

    

Net

Customer relationships

 

7.0

$

8,440

$

(2,173)

$

6,267

Acquired technology

 

6.0

 

12,170

(5,481)

 

6,689

Trademarks and tradenames

 

9.0

 

3,688

(893)

 

2,795

Non-compete agreements

2.0

 

225

(15)

210

Total intangible assets

 

$

24,523

$

(8,562)

$

15,961

Summary of changes in the carrying amount of goodwill

    

Goodwill

Balance as of December 31, 2020

$

28,289

Acquisitions

 

142,750

Purchase price adjustments

(612)

Balance as of September 30, 2021

$

170,427