Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net (Tables)

v3.22.4
Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets Amortization is recorded using the straight-line method using estimated useful lives of the assets as shown below:
Customer relationships 9 years
Trade names 15 years
Databases 5 years
Developed software - for internal use
3 and 7 years
Favorable contracts
5-6 years
Intangible assets, net consisted of the following:
December 31, 2022
Gross Accumulated Amortization Net
(in thousands)
Customer relationships $ 427,033  $ (213,243) $ 213,790 
Trade names 105,401  (31,620) 73,781 
Developed software - for internal use 92,907  (50,224) 42,683 
Databases 3,876  (2,532) 1,344 
Total intangible assets, net $ 629,217  $ (297,619) $ 331,598 
December 31, 2021
Gross Accumulated Amortization Net
(in thousands)
Customer relationships $ 432,606  $ (167,885) $ 264,721 
Trade names 105,401  (24,594) 80,807 
Developed software - for internal use 80,854  (38,480) 42,374 
Databases 3,392  (1,811) 1,581 
Favorable contracts 1,497  (1,497) — 
Total intangible assets, net $ 623,750  $ (234,267) $ 389,483 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated future amortization expense related to intangible assets as of December 31, 2022 was as follows:
Year Ended December 31,
(in thousands)
2023 $ 66,772 
2024 66,603 
2025 63,023 
2026 56,361 
2027 30,483 
Thereafter 48,356 
Total amortization $ 331,598