Altimar Acquisition Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, net

Note 8. Goodwill and Intangible Assets, net

A rollforward of goodwill is as follows:



Balance at December 31, 2021	$	1,189,464
Measurement period adjustments		(1,023	)
Balance at June 30, 2022	$	1,188,441

Intangible assets, net consisted of the following:


	June 30, 2022						December 31, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

Trade name	$	70,000	$	2,448	$	67,552	$	70,000	$	98	$	69,902
Customer relationships		180,000		4,971		175,029		180,000		252		179,748
Developed software		15,700		1,647		14,053		15,700		22		15,678
Developed technology		4,300		451		3,849		4,300		6		4,294
Total intangible assets	$	270,000	$	9,517	$	260,483	$	270,000	$	378	$	269,622

Aggregate amortization expense related to intangible assets, excluding goodwill which is not amortized, was $4,535 and $2,704 for the three months ended June 30, 2022 and June 30, 2021, respectively, and $9,139 and $5,005 for the six months ended June 30, 2022 and June 30, 2021, respectively. There are no intangible assets, other than goodwill, with indefinite useful lives.

The following table represents the estimated aggregate amortization expense for each of the five succeeding fiscal calendar years.


Year	Aggregate Amortization
Remaining 2022	$	9,070
2023		18,140
2024		18,140
2025		18,140
2026		18,041