| Summary of changes in goodwill |
The following table summarizes changes in goodwill during the six months ended June 30, 2022 and the twelve months ended December 31, 2021 (in thousands):
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Goodwill: |
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|
|
Balance at December 31, 2020 |
|
$ |
653,176 |
Additions |
|
|
69,264 |
Adjustments due to currency translation |
|
|
(621) |
Balance at December 31, 2021 |
|
|
721,819 |
Additions |
|
|
23,220 |
Measurement adjustments |
|
|
72 |
Adjustments due to currency translation |
|
|
(3,092) |
Balance at June 30, 2022 |
|
$ |
742,019 |
|
| Schedule of Components of Indefinite-lived and Amortizable Intangible Assets |
The following table sets forth the components of indefinite-lived and amortizable intangible assets as of June 30, 2022 and December 31, 2021 (in thousands):
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June 30, 2022 |
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December 31, 2021 |
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Accumulated |
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Carrying |
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|
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Accumulated |
Carrying |
|
Useful Life |
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Gross |
|
Amortization |
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Value |
|
Gross |
|
Amortization |
|
Value |
|
in Years |
Amortizable intangible assets: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Customer contracts |
|
$ |
568,655 |
|
$ |
(250,640) |
|
$ |
318,015 |
|
$ |
551,277 |
|
$ |
(225,348) |
|
$ |
325,929 |
|
3-20 |
Trademarks and tradenames |
|
|
14,459 |
|
|
(6,728) |
|
|
7,731 |
|
|
12,784 |
|
|
(6,492) |
|
|
6,292 |
|
7-20 |
Non-compete agreements |
|
|
13,692 |
|
|
(6,600) |
|
|
7,092 |
|
|
13,125 |
|
|
(5,573) |
|
|
7,552 |
|
3-20 |
Patents |
|
|
6,934 |
|
|
(6,583) |
|
|
351 |
|
|
6,946 |
|
|
(5,509) |
|
|
1,437 |
|
3-15 |
Other assets |
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|
2,038 |
|
|
(1,704) |
|
|
334 |
|
|
2,150 |
|
|
(1,687) |
|
|
463 |
|
10 |
Total amortizable intangible assets |
|
$ |
605,778 |
|
$ |
(272,255) |
|
|
333,523 |
|
$ |
586,282 |
|
$ |
(244,609) |
|
|
341,673 |
|
|
Indefinite-lived intangible assets: |
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|
|
|
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|
|
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|
|
|
|
|
|
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Trademarks and tradenames |
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|
|
|
|
|
|
|
103,309 |
|
|
|
|
|
|
|
|
102,684 |
|
|
Internet domains |
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|
|
|
|
|
|
|
2,227 |
|
|
|
|
|
|
|
|
2,227 |
|
|
Total indefinite-lived intangible assets |
|
|
|
|
|
|
|
|
105,536 |
|
|
|
|
|
|
|
|
104,911 |
|
|
Total customer contracts and other intangible assets |
|
|
|
|
|
|
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$ |
439,059 |
|
|
|
|
|
|
|
$ |
446,584 |
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