Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets - Net (Tables)

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Goodwill and Intangible Assets - Net (Tables)
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

Goodwill consists of the excess of the purchase price over the fair value of identifiable net assets of businesses acquired. The following is the summary of the changes to the carrying amount of goodwill for the three months ended March 31, 2021 and the year ended December 31, 2020:

 

    Three Months Ended     Year Ended  
    March 31, 2021     December 31, 2020  
    ($ in thousands)  
Beginning gross balance   $ 49,291     $ 12,634  
Acquisitions     -       36,657  
Ending gross balance   $ 49,291     $ 49,291  
Schedule of Finite-Lived Intangible Assets

Intangible assets include customer contracts and relationships and covenants not-to-compete acquired in connection with acquisitions, as well as trademarks acquired and software costs. Intangible assets - net as of March 31, 2021 and December 31, 2020 consist of the following:

 

    Three Months Ended     Year Ended  
    March 31, 2021     December 31, 2020  
    ($ in thousands)  
Contracts and relationships acquired   $ 44,497     $ 44,497  
Capitalized software     7,284       5,760  
Non-compete agreements     1,236       1,236  
Other intangible assets     7,959       7,906  
Total intangible assets     60,976       59,399  
Less: Accumulated amortization     31,810       29,421  
Intangible assets - net   $ 29,166     $ 29,978  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of March 31, 2021, future amortization scheduled to be expensed is as follows:

 

Years ending December 31,   ($ in thousands)  
2021 (nine months)   $ 7,255  
2022     9,562  
2023     7,434  
2024     3,265  
2025     300  
Thereafter     1,350  
Total   $ 29,166