General form of registration statement for all companies including face-amount certificate companies

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.23.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balance
The Company’s goodwill balance consists of the following:
(In thousands, USD) Amount
December 31, 2020 $ 384,202 
Currency translation (787)
December 31, 2021 $ 383,415 
Acquisition 44,859 
Impairment (58,074)
Currency translation (494)
December 31, 2022 $ 369,706 
Summary of Other Intangible Assets
The Company’s other intangible assets consist of the following:
(In thousands, USD) Carrying Gross
Amount		 Accumulated
Amortization 		Net Carrying Value
Customer relationships $ 327,317  $ (197,483) $ 129,834 
Technology 46,978  (42,348) 4,630 
Carrier contracts 70,210  (47,483) 22,727 
Trademarks 16,214  (11,060) 5,154 
Internally developed computer software 72,063  (41,904) 30,159 
Total as of December 31, 2022 $ 532,782  $ (340,278) $ 192,504 
(In thousands, USD) Carrying Gross
Amount		 Accumulated
Amortization 		Net Carrying Value
Customer relationships $ 305,648  $ (168,519) $ 137,129 
Technology 45,983  (37,529) 8,454 
Carrier contracts 65,700  (40,488) 25,212 
Trademarks 15,733  (9,221) 6,512 
Internally developed computer software 59,906  (34,663) 25,243 
Total as of December 31, 2021 $ 492,970  $ (290,420) $ 202,550 
Summary of Weighted Average Remaining Useful Lives per Intangible Asset Category
The following table shows the weighted average remaining useful lives per intangible asset category as of December 31, 2022.
Years
Customer relationships 5.0
Technology 2.6
Carrier contracts 3.6
Trademarks 4.3
Internally developed computer software 4.2
Summary of Estimated Amortization Expense
The following table shows the estimated amortization expense for the next five years and thereafter as of December 31, 2022.
(In thousands, USD) Amount
2023 $ 49,657 
2024 45,932 
2025 43,206 
2026 28,607 
2027 9,645 
Thereafter 15,457 
Total $ 192,504