Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS

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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The changes in goodwill are as follows:
December 31,
2021
December 31,
2020
Balance, beginning of period $ 62,951  $ 17,799 
Goodwill additions and measurement period adjustments $ 62,450  $ 45,152 
Balance, end of period $ 125,401  $ 62,951 
A summary of intangible assets as of follows:
Weighted-Average
Amortization Period
of Intangible Assets
as of December 31, 2021
(in years)
Tradenames 4.15 years
Patents, trademarks 4.08 years
Customer relationships 5.30 years
Non-competes 3.74 years
Intellectual property 4.16 years
Intangible assets on the Company’s consolidated balance sheets consist of the following:
December 31, 2021 December 31, 2020
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Tradenames $ 28,300  $ (4,948) $ 13,923  $ (398)
Patents, trademarks 100  (42) 100  (9)
Customer relationships 25,175  (3,055) 6,297  (138)
Non-competes 1,384  (233) 796  (22)
Intellectual property 2,065  (344) —  — 
$ 57,024  $ (8,622) $ 21,116  $ (567)
Amortization expense for the years ended December 31, 2021, 2020, and 2019 was $8.9 million, $789 thousand, and $5 thousand respectively.
Future amortization expense is as follows:
2022 $ 10,597 
2023 10,596 
2024 10,590 
2025 10,206 
2026 5,159 
Thereafter 1,254 
Total $ 48,402