Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.22.2.2
Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net, consisted of the following (in thousands):
September 30, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 91,600  $ —  $ (51,200) $ 40,400 
Total non-amortizing intangibles $ 91,600  $ —  $ (51,200) $ 40,400 
Amortizing intangibles
Broker/customer relationships
8 - 15
 $ 541,100  $ (80,736) $ (70,464) $ 389,900 
Trade names and other
5 - 10
 10,937  (1,425) (1,512) 8,000 
Total amortizing intangibles $ 552,037  $ (82,161) $ (71,976) $ 397,900 
Total intangibles $ 643,637  $ (82,161) $ (123,176) $ 438,300 
December 31, 2021 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 178,000  $ —  $ (86,400) $ 91,600 
Total non-amortizing intangibles $ 178,000  $ —  $ (86,400) $ 91,600 
Amortizing intangibles
Broker/customer relationships
8 - 15
 $ 541,100  $ (39,711) $ —  $ 501,389 
Trade names and other
5 - 10
 10,937  (1,026) —  9,911 
Total amortizing intangibles $ 552,037  $ (40,737) $ —  $ 511,300 
Total intangibles $ 730,037  $ (40,737) $ (86,400) $ 602,900 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net, consisted of the following (in thousands):
September 30, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 91,600  $ —  $ (51,200) $ 40,400 
Total non-amortizing intangibles $ 91,600  $ —  $ (51,200) $ 40,400 
Amortizing intangibles
Broker/customer relationships
8 - 15
 $ 541,100  $ (80,736) $ (70,464) $ 389,900 
Trade names and other
5 - 10
 10,937  (1,425) (1,512) 8,000 
Total amortizing intangibles $ 552,037  $ (82,161) $ (71,976) $ 397,900 
Total intangibles $ 643,637  $ (82,161) $ (123,176) $ 438,300 
December 31, 2021 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 178,000  $ —  $ (86,400) $ 91,600 
Total non-amortizing intangibles $ 178,000  $ —  $ (86,400) $ 91,600 
Amortizing intangibles
Broker/customer relationships
8 - 15
 $ 541,100  $ (39,711) $ —  $ 501,389 
Trade names and other
5 - 10
 10,937  (1,026) —  9,911 
Total amortizing intangibles $ 552,037  $ (40,737) $ —  $ 511,300 
Total intangibles $ 730,037  $ (40,737) $ (86,400) $ 602,900 
Schedule of Estimated Amortization Expense
The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of September 30, 2022 is as follows (in thousands):
Year Ending December 31, Amount
Remainder of 2022 $ 11,862 
2023 47,446 
2024 47,446 
2025 47,446 
2026 47,433 
Thereafter 196,267 
Total future amortization expense $ 397,900