Goodwill and Other Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2024 |
| 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, 2024 | $ | 50,035 | | | $ | 21,872 | | | $ | 47,001 | | | $ | 286,731 | | | $ | 405,639 | | | | | | | | | | | | | | | | | | | | | | | Currency translation adjustments | (21) | | | (2) | | | (35) | | | — | | | (58) | | | Balance as of June 30, 2024 | $ | 50,014 | | | $ | 21,870 | | | $ | 46,966 | | | $ | 286,731 | | | $ | 405,581 | |
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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, 2024 | | As of December 31, 2023 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Finite-lived intangible assets: | | | | | | | | | | | | | Customer relationships | $ | 99,050 | | | $ | (56,711) | | | $ | 42,339 | | | $ | 99,050 | | | $ | (51,085) | | | $ | 47,965 | | | Developed technology | 3,542 | | | (2,931) | | | 611 | | | 3,552 | | | (2,522) | | | 1,030 | | | Trade names and trademarks | 1,400 | | | (1,356) | | | 44 | | | 1,400 | | | (1,286) | | | 114 | | | Non-compete agreements | 300 | | | (191) | | | 109 | | | 336 | | | (181) | | | 155 | | | 104,292 | | | (61,189) | | | 43,103 | | | 104,338 | | | (55,074) | | | 49,264 | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade names and trademarks | 900 | | | — | | | 900 | | | 900 | | | — | | | 900 | | | Total intangible assets | $ | 105,192 | | | $ | (61,189) | | | $ | 44,003 | | | $ | 105,238 | | | $ | (55,074) | | | $ | 50,164 | |
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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, | | 2024 | | 2023 | | 2024 | | 2023 | | Amortization expense | $ | 3,077 | | | $ | 4,204 | | | $ | 6,157 | | | $ | 8,353 | |
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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, 2024 was as follows:
| | | | | | | 2024 (July 1 - December 31) | $ | 5,964 | | | 2025 | 10,698 | | | 2026 | 10,361 | | | 2027 | 9,364 | | | 2028 | 6,716 | | | Total | $ | 43,103 | |
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