Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.2.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the carrying value of goodwill for the nine months ended September 30, 2022, was as follows (in thousands):
Balance as of December 31, 2021 $ 437,398 
Acquisition of Alante Air 13,069 
Acquisition of Air Partner 83,399 
Foreign currency translation adjustments (12,019)
Balance as of September 30, 2022 $ 521,847 
Schedule of Intangible Assets
The gross carrying value, accumulated amortization and net carrying value of intangible assets consisted of the following (in thousands):
September 30, 2022
Gross Carrying
Value
Accumulated Amortization Net Carrying
Value
Status $ 80,000  $ 21,644  $ 58,356 
Customer relationships 88,608  21,640  66,968 
Non-competition agreement 210  210  — 
Trade name 15,867  7,406  8,461 
Developed technology 20,402  8,570  11,832 
Leasehold interest - favorable 600  74  526 
Backlog 1,235  497  738 
Total $ 206,922  $ 60,041  $ 146,881 
December 31, 2021
Gross Carrying
Value
Accumulated Amortization Net Carrying
Value
Status $ 80,000  $ 15,644  $ 64,356 
Customer relationships 74,600  14,443  60,157 
Non-competition agreement 210  209 
Trade name 14,230  5,493  8,737 
Developed technology 19,545  6,380  13,165 
Leasehold interest - favorable 600  57  543 
Total $ 189,185  $ 42,226  $ 146,959 
Schedule of Intangible Liabilities
The gross carrying value, accumulated amortization and net carrying value of intangible liabilities consisted of the following (in thousands):
September 30, 2022
Gross Carrying
Value
Accumulated Amortization Net Carrying
Value
Intangible liabilities $ 20,000  $ 5,417  $ 14,583 
December 31, 2021
Gross Carrying
Value
Accumulated Amortization Net Carrying
Value
Intangible liabilities $ 20,000  $ 3,917  $ 16,083 
Schedule of Future Amortization Expense of Intangible Assets and Intangible Liabilities
Future amortization expense of intangible assets and intangible liabilities held as of September 30, 2022, are as follows (in thousands):
Year ending December 31, Intangible Assets Intangible Liabilities
2022 (excluding the nine months ended September 30, 2022) $ 6,295  $ 500 
2023 23,296  2,000 
2024 22,643  2,000 
2025 22,230  2,000 
2026 21,386  2,000 
Thereafter 51,031  6,083 
Total $ 146,881  $ 14,583