Goodwill and Other Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The following table sets forth details of changes in goodwill by reportable segment of the Company: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Insurance | | Healthcare | | Emerging Business | | Analytics | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of January 1, 2023 | $ | 49,929 | | | $ | 21,875 | | | $ | 47,101 | | | $ | 286,732 | | | $ | 405,637 | | | | | | | | | | | | | | | | | | | | | | | Currency translation adjustments | 119 | | | 5 | | | 142 | | | — | | | 266 | | | Balance as of June 30, 2023 | $ | 50,048 | | | $ | 21,880 | | | $ | 47,243 | | | $ | 286,732 | | | $ | 405,903 | |
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| Schedule of Indefinite Lived Intangible Assets |
Information regarding the Company’s intangible assets is set forth below: | | | | | | | | | | | | | | | | | | | As of June 30, 2023 | | Gross
Carrying Amount | | Accumulated
Amortization | | Net Carrying
Amount | | Finite-lived intangible assets: | | | | | | | Customer relationships | $ | 99,146 | | | $ | (45,463) | | | $ | 53,683 | | | Developed technology | 3,542 | | | (2,092) | | | 1,450 | | | Trade names and trademarks | 1,700 | | | (1,447) | | | 253 | | | Non-compete agreements | 336 | | | (135) | | | 201 | | | 104,724 | | | (49,137) | | | 55,587 | | | Indefinite-lived intangible assets: | | | | | | | Trade names and trademarks | 900 | | | — | | | 900 | | | Total intangible assets | $ | 105,624 | | | $ | (49,137) | | | $ | 56,487 | |
| | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying
Amount | | Finite-lived intangible assets: | | | | | | | Customer relationships | $ | 99,146 | | | $ | (39,848) | | | $ | 59,298 | | | Developed technology | 24,878 | | | (20,902) | | | 3,976 | | | Trade names and trademarks | 1,700 | | | (1,303) | | | 397 | | | Non-compete agreements | 336 | | | (88) | | | 248 | | | 126,060 | | | (62,141) | | | 63,919 | | | Indefinite-lived intangible assets: | | | | | | | Trade names and trademarks | 900 | | | — | | | 900 | | | Total intangible assets | $ | 126,960 | | | $ | (62,141) | | | $ | 64,819 | |
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| Schedule of Amortization of Intangible Assets |
The amortization expense recognized in the unaudited consolidated statements of income was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2023 | | 2022 | | 2023 | | 2022 | | Amortization expense | $ | 4,204 | | | $ | 4,146 | | | $ | 8,353 | | | $ | 8,632 | |
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| Schedule of Finite Lived Intangible Assets Useful Lives |
The remaining weighted average life of intangible assets is as follows: | | | | | | | (in years) | | Customer relationships | 5.0 | | Developed technology | 1.9 | | Trade names and trademarks (finite lived) | 1.1 | | Non-compete agreements | 2.3 |
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| Schedule of Estimated Future Amortization of Intangible Assets |
| | | | | | Estimated future amortization expense related to finite-lived intangible assets as of June 30, 2023 was as follows: | | 2023 (July 1 - December 31) | $ | 6,315 | | | 2024 | 12,140 | | | 2025 | 10,705 | | | 2026 | 10,366 | | | 2027 | 9,364 | | | 2028 and thereafter | 6,697 | | | Total | $ | 55,587 | |
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