Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.21.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
8. GOODWILL AND INTANGIBLE ASSETS

The changes in goodwill are as follows:


    March 31, 2021     December 31,
2020
 
Balance, beginning of period   $ 62,951     $ 17,799  
Goodwill additions     38,092       45,152  
Balance, end of period   $ 101,043     $ 62,951  

Intangible assets on the Company’s consolidated balance sheets consist of the following:


    March 31, 2021     December 31, 2020  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Gross
Carrying
Amount
    Accumulated
Amortization
 
Tradenames   $ 25,348     $ (1,260 )   $ 13,923     $ (398 )
Patents, trademarks     100       (16 )     100       (9 )
Customer relationships     16,466       (492 )     6,297       (138 )
Non-competes     1,198       (67 )     796       (22 )
Capitalized software     1,843       (349 )     1,163       (222 )
    $ 44,955     $ (2,184 )   $ 22,279     $ (789 )

Amortization expense for the three months ended March 31, 2021 and 2020 was $1,395 and $28, respectively.


Future amortization expense is as follows:      
2021, remainder   $ 6,465  
2022     8,295  
2023     8,295  
2024     8,295  
2025     7,706  
Thereafter     3,715  
Total   $ 42,771