Goodwill and Intangible Assets
|12 Months Ended|
Dec. 31, 2021
|Goodwill And Intangible Assets Disclosure [Abstract]|
|Goodwill and Intangible Assets||
Note 7 – Goodwill and Intangible Assets
Goodwill represents the excess of cost over the fair value of identifiable net assets acquired related to the original purchase of the various franchise businesses and acquisition of company-owned transition studios. Goodwill is not amortized but is tested annually for impairment or more frequently if indicators of potential impairment exist. During the year ended December 31, 2021, there was an increase of $29,393 in previously reported goodwill due to the acquisitions of Rumble and BFT as discussed in Note 3. Goodwill totaled $169,073 and $139,680 as of December 31, 2021 and 2020, respectively.
Intangible assets consisted of the following:
Amortization expense for the years ended December 31, 2021, 2020 and 2019 was $7,170, $5,064 and $5,132, respectively.
The anticipated future amortization expense of intangible assets is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef