Current report filing

Goodwill and Intangible Assets, Net (Tables)

v3.23.2
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill, related to continuing operations, consisted of the following (in thousands):
For the year ended December 31, 2022 For the nine months ended December 31, 2021 For the three months ended March 31, 2021
Successor Predecessor
Beginning balance $ —  $ —  $ 8,444 
Additions from acquisitions —  413,977  5,627 
Impairment —  (413,977) — 
Ending balance $ —  $ —  $ 14,071 
Schedule of Intangible Assets, Net
Intangible assets, net, related to continuing operations consisted of the following (in thousands):
December 31, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name N/A $ 34,800  $ —  $ (7,300) $ 27,500 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (65,081) —  269,619 
Total intangibles $ 369,500  $ (65,081) $ (7,300) $ 297,119 
December 31, 2021 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 46,600  $ —  $ (11,800) $ 34,800 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (27,327) —  307,373 
Total intangibles $ 381,300  $ (27,327) $ (11,800) $ 342,173 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net, related to continuing operations consisted of the following (in thousands):
December 31, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name N/A $ 34,800  $ —  $ (7,300) $ 27,500 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (65,081) —  269,619 
Total intangibles $ 369,500  $ (65,081) $ (7,300) $ 297,119 
December 31, 2021 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 46,600  $ —  $ (11,800) $ 34,800 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (27,327) —  307,373 
Total intangibles $ 381,300  $ (27,327) $ (11,800) $ 342,173 
Schedule of Estimated Amortization Expense
The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of December 31, 2022 is as follows (in thousands):
Year Ending December 31, Amount
2023 $ 37,189 
2024 37,189 
2025 37,189 
2026 37,189 
2027 37,189 
Thereafter 83,674 
Total future amortization expense $ 269,619