Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net

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Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill, Net
The changes in the goodwill balances by reportable segment are as follows:
U.S. Regions U.S. Federal Canada Other Total
Carrying Value of Goodwill
Balance, December 31, 2020 $ 26,705  $ 3,981  $ 3,441  $ 24,587  $ 58,714 
Goodwill acquired during the year 12,499  —  —  —  12,499 
Foreign currency translation —  —  13  (69) (56)
Balance, December 31, 2021 39,204  3,981  3,454  24,518  71,157 
Remeasurement adjustments 389  —  —  —  389 
Foreign currency translation —  —  (218) (695) (913)
Balance, December 31, 2022 $ 39,593  $ 3,981  $ 3,236  $ 23,823  $ 70,633 
Our annual goodwill impairment review was performed each year-end using a quantitative approach, and we determined that there was no goodwill impairment for the years ended December 31, 2022 and 2021. We tested goodwill for impairment at the reporting unit level utilizing the income approach which included a discounted cash flow method with a market approach. Based on our assessment, all our reporting units with goodwill had estimated fair values that exceeded their carrying values by at least 20% as of December 31, 2022 and 61% as of December 31, 2021.
Intangible Assets, Net
Definite-lived intangible assets, net consisted of the following:
As of December 31,
2022 2021
Gross carrying amount
Customer contracts $ 8,288  $ 8,459 
Customer relationships 17,755  18,723 
Non-compete agreements 2,980  3,054 
Technology 2,713  2,745 
Tradenames 541  545 
Total gross carrying amount 32,277  33,526 
Accumulated Amortization
Customer contracts 8,288  7,961 
Customer relationships 13,066  12,268 
Non-compete agreements 2,980  3,054 
Technology 2,713  2,744 
Tradenames 537  538 
Total accumulated amortization 27,584  26,565 
Intangible assets, net $ 4,693  $ 6,961 
Customer contracts are amortized ratably over the period of the acquired customer contracts ranging in periods from approximately one to eight years. All other intangible assets are amortized over periods ranging from approximately four to fifteen years, as defined by the nature of the respective intangible asset.
Separable intangible assets that are not deemed to have indefinite lives are amortized over their useful lives. We annually assess whether a change in the useful life is necessary, or more frequently if events or circumstances warrant. No changes to useful lives were made during the years ended December 31, 2022, 2021, and 2020.
The table below sets forth amortization expense:
Year Ended December 31,
Location 2022 2021 2020
Customer contracts Cost of revenues $ 551  $ —  $ 59 
Customer relationships Selling, general and administrative expenses 1,303  310  604 
Non-compete agreements Selling, general and administrative expenses —  —  — 
Technology Selling, general and administrative expenses 1  8  19 
Tradenames Selling, general and administrative expenses 3  3  3 
Total amortization expense $ 1,858  $ 321  $ 685 
Amortization expense for our definite-lived intangible assets for the next five years to be included in cost of revenues or selling, general, and administrative expenses is as follows:
Estimated Amortization Expense
2023 $ 1,303 
2024 1,298 
2025 1,296 
2026 796 
Total $ 4,693