| GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS
The changes in goodwill are as follows:
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September 30, 2021 |
|
December 31,
2020 |
| Balance, beginning of period |
$ |
62,951 |
|
|
$ |
17,799 |
|
| Goodwill additions and measurement period adjustments |
60,924 |
|
|
45,152 |
|
| Balance, end of period |
$ |
123,875 |
|
|
$ |
62,951 |
|
Intangible assets consist of the following:
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September 30, 2021 |
|
December 31, 2020 |
| |
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
| Tradenames |
$ |
27,144 |
|
|
$ |
(3,584) |
|
|
$ |
13,923 |
|
|
$ |
(398) |
|
| Patents, trademarks |
100 |
|
|
(38) |
|
|
100 |
|
|
(9) |
|
| Customer relationships |
22,057 |
|
|
(2,130) |
|
|
6,297 |
|
|
(138) |
|
| Non-competes |
1,146 |
|
|
(175) |
|
|
796 |
|
|
(22) |
|
| Intellectual property |
2,065 |
|
|
(241) |
|
|
— |
|
|
— |
|
| Capitalized software |
3,811 |
|
|
(758) |
|
|
1,163 |
|
|
(222) |
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| |
$ |
56,323 |
|
|
$ |
(6,926) |
|
|
$ |
22,279 |
|
|
$ |
(789) |
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Amortization expense for the three months ended September 30, 2021 and 2020 was $2.6 million and $44.1 thousand, respectively.
Amortization expense for the nine months ended September 30, 2021 and 2020 was $6.1 million and $0.2 million, respectively.
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| Future amortization expense is as follows: |
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| 2021, remainder |
$ |
2,718 |
|
| 2022 |
11,002 |
|
| 2023 |
10,707 |
|
| 2024 |
10,356 |
|
| 2025 |
9,459 |
|
| Thereafter |
5,155 |
|
| Total |
$ |
49,397 |
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|