Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net (Tables)

v3.24.0.1
Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net Amortization is recorded using the straight-line method using estimated useful lives of the assets as shown below:
Customer relationships 9 years
Trade names
8.5 and 15 years
Databases 5 years
Developed software - for internal use 7 years
Biometric screening platform
 12.5 years
Intangible assets, net consisted of the following:
December 31, 2023
Gross Accumulated Amortization Net
(in thousands)
Customer relationships $ 429,329  $ (262,064) $ 167,265 
Trade names 105,801  (38,671) 67,130 
Developed software - for internal use 103,518  (64,024) 39,494 
Databases 4,693  (3,261) 1,432 
Biometric screening platform
 23,000  (920) 22,080 
Total intangible assets, net $ 666,341  $ (368,940) $ 297,401 
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 
Schedule of Estimated Future Amortization Expense related to Intangible Assets
The estimated future amortization expense related to intangible assets as of December 31, 2023 was as follows:
Year Ended December 31,
(in thousands)
2024 $ 71,058 
2025 67,694 
2026 58,677 
2027 34,597 
2028 11,144 
Thereafter 54,231 
Total amortization $ 297,401