Tyler Technologies Inc 10-K for FY2023

Tyler Technologies Inc (TYL)

10-K 2024-02-21 For: 2023-12-31

Added on April 08, 2026

About this 10-K

Tyler Technologies Inc filed this 10-K on February 21, 2024, covering the fiscal year ended December 31, 2023 (FY2023).

Headline figures

Fiscal year ended December 31, 2023, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.95B; up 5.5% from $1.85B a year earlier
Net income: $165.92M; up 1.0% from net income of $164.24M a year earlier
Diluted EPS: $3.88; up 0.3% from $3.87 a year earlier

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


Delaware		75-2303920
(State or other jurisdiction of incorporation or organization)		(I.R.S. employer identification no.)
5101 Tennyson Parkway
Plano,	Texas	75024
(Address of principal executive offices)		(Zip code)


Title of each class	Trading symbol	Name of each exchange on which registered
COMMON STOCK, $0.01 PAR VALUE	TYL	New York Stock Exchange


		PAGE
	PART I
Item 1.	Business	3
Item 1A.	Risk Factors	11
Item 1B.	Unresolved Staff Comments	21
Item 1C.	Cybersecurity	21
Item 2.	Properties	24
Item 3.	Legal Proceedings	24
Item 4.	Mine Safety Disclosures	24
	PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	25
Item 6.	[Reserved]	26
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	40
Item 8.	Financial Statements and Supplementary Data	40
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	40
Item 9A.	Controls and Procedures	40
Item 9B.	Other Information	41
Item 9C.	D isclosure Regarding Foreign Jurisdictions That Prevent Inspections	41
	PART III
Item 10.	Directors, Executive Officers and Corporate Governance	42
Item 11.	Executive Compensation	42
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	42
Item 13.	Certain Relationships and Related Transactions, and Director Independence	42
Item 14.	Principal Accounting Fees and Services	42
	PART IV
Item 15.	Exhibits, Financial Statement Schedules	43
Item 16.	Form 10 -K Su mmary	45
Signatures		46


Race:
	White	Asian	Black or African American	Hispanic or Latino	Two or more races	Native Americans and Other Pacific Islanders	Not specified
Overall	70.5%	7.6%	4.7%	4.7%	2.1%	0.5%	9.9%
Leadership	96.4%	1.8%	—%	—%	—%	1.8%	—%


Gender:
	Male	Female	Non-Binary	Not specified
Overall	61.8%	37.2%	0.2%	0.8%
Leadership	60.0%	40.0%	—%	—%


☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


TYLER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)


	Number of securities to be issued upon exercise of outstanding options, warrants, purchase rights and vesting of restricted stock units as of December 31, 2023	Weighted average exercise price of outstanding options and unvested restricted stock units		Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in initial column as of December 31, 2023)
Plan Category
Equity compensation plans approved by security shareholders:
2018 Incentive Stock Plan	1,870,812	283.09		456,556
Employee Stock Purchase Plan	9,997	355.4		525,881
Equity compensation plans not approved by security shareholders	—	—		—
	1,880,809	$	283.47	982,437


Period	Total number of shares repurchased	Additional number of shares authorized that may be repurchased	Average price paid per share	Maximum number of shares that may be repurchased under current authorization
Three months ended March 31	—	—	—	2,270,091
Three months ended June 30	—	—	—	2,270,091
Three months ended September 30	—	—	—	2,270,091
October 1 through October 31	—	—	—	2,270,091
November 1 through November 30	—	—	—	2,270,091
December 1 through December 31	—	—	—	2,270,091
	—	—	—


Company / Index	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23
Tyler Technologies, Inc.	100	161.46	234.92	289.50	173.51	225.01
S&P 500 Stock Index	100	131.49	155.68	200.37	164.08	207.21
S&P 600 Information Technology Index	100	139.59	178.41	226.31	175.70	212.50


	Percentage of Total Revenues Years Ended December 31,
	2023		2022		2021
Revenues:
Subscriptions	59.4	%	54.7	%	49.3	%
Maintenance	23.9		25.3		29.8
Professional services	12.8		15.0		14.9
Software licenses and royalties	2.0		3.2		4.6
Hardware and other	1.9		1.8		1.4
Total revenues	100.0		100.0		100.0
Cost of revenues:
Subscriptions, maintenance, and professional services	51.3		52.9		51.5
Software licenses, royalties, and amortization of acquired software	2.4		3.1		3.1
Amortization of software development	0.6		0.4		0.1
Hardware and other	1.5		1.3		0.8
Sales and marketing expense	7.7		7.3		7.4
General and administrative expense	15.8		14.4		17.1
Research and development expense	5.6		5.7		5.9
Amortization of other intangibles	3.8		3.3		2.8
Operating income	11.3		11.6		11.3
Interest expense	(1.2)		(1.5)		(1.5)
Other income, net	0.2		0.1		0.1
Income before income taxes	10.3		10.2		9.9
Income tax provision (benefit)	1.7		1.3		(0.2)
Net income	8.6	%	8.9	%	10.1	%


					Change
	2023		2022		$		%
ES	$	634,262	$	526,323	$	107,939	21	%
PT	525,250		485,981		39,269		8	%
Total subscriptions revenues	$	1,159,512	$	1,012,304	$	147,208	15	%


2024	$	59,278
2025	55,672
2026	55,044
2027	54,429
2028	53,766
Thereafter	481,132


						Headings in Proxy Statement

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE.						“Tyler Management” and “Corporate Governance Principles and Board Matters”


FORM			10-K


NONE


					Change
	2023		2022		$		%
ES	$	442,781	$	444,143	$	(1,362)	—	%
PT	23,880		24,312		(432)		(2)
Total maintenance revenues	$	466,661	$	468,455	$	(1,794)	—	%


					Change
	2023		2022		$		%
ES	$	209,727	$	204,970	$	4,757	2	%
PT	40,249		72,655		(32,406)		(45)
Total professional services revenues	$	249,976	$	277,625	$	(27,649)	(10)	%


ITEM 11. EXECUTIVE COMPENSATION.						“Executive Compensation”


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.						“Security Ownership of Certain Beneficial Owners and Management”


ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.						"Executive Compensation" and “Certain Relationships and Related Transactions”


ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

The information required under this item may be found under the section captioned “Proposals For Consideration – Proposal Two – Ratification of Our Independent Auditors for Fiscal Year 2023” in our Proxy Statement when filed.


Exhibit Number						Description
3.1						Restated Certificate of Incorporation of Tyler Three, as amended through May 14, 1990, and Certificate of Designation of Series A Junior Participating Preferred Stock (filed as Exhibit 3.1 to our Form 10-Q for the quarter ended June 30, 1990, and incorporated by reference herein).
3.2						Certificate of Amendment to the Restated Certificate of Incorporation (filed as Exhibit 3.1 to our Form 8-K, dated February 19, 1998, and incorporated by reference herein).
3.3						Amended and Restated By-Laws of Tyler Technologies Inc., dated May 11, 2023, (filed as Exhibit 3.1 to our Form 8-K dated May 15, 2023, and incorporated by reference herein).
3.4						Certificate of Amendment dated May 19, 1999 to the Restated Certificate of Incorporation (filed as Exhibit 3.4 to our Form 10-K for the year ended December 31, 2000, and incorporated by reference herein).
4.1						Specimen of Common Stock Certificate (filed as Exhibit 4.1 to our registration statement no. 33-33505 and incorporated by reference herein).
4.2						Third Amendment to the Credit Agreement dated January 27, 2023, among Tyler Technologies, Inc. and Wells Fargo Bank, N. A. as Administrative Agent and other lenders party hereto (filed as Exhibit 4.2 to our Form 10-K dated February 22, 2023, and incorporated by reference herein).
4.3						Credit Agreement dated April 21, 2021, among Tyler Technologies, Inc. and Wells Fargo Bank, N. A. as Administrative Agent and other lenders party hereto (filed as Exhibit 10.1 to our Form 8-K dated April 21, 2021, and incorporated by reference herein).
4.4						Agreement and Plan of Merger, dated February 9, 2021 by and among Tyler Technologies, Inc., Topos Acquisition, Inc., and NIC, Inc.(filed as Exhibit 2.1 to our Form 8-K, dated February 10, 2021, and incorporated by reference herein).
4.5						Indenture, dated as of March 9, 2021, between Tyler Technologies, Inc. and U.S. Bank National Association, as trustee, relating to the 0.25% Convertible Senior Notes due 2026. (filed as Exhibit 4.1 to our Form 8-K, dated March 9, 2021, and incorporated by reference herein.)
10.1						Employee Stock Purchase Plan (filed as Exhibit 10.1 to our registration statement 333-182318 dated June 25, 2012 and incorporated by reference herein).
10.2						Amended and Restated Executive Employment Agreement, effective as of May 12, 2022, by and between Tyler Technologies, Inc. and John S. Marr, Jr.(filed as Exhibit 10.1 to our Form 8-K dated May 18, 2022 and incorporated by reference herein).
1 0.3						Amended and Restated Executive Employment Agreement, effective as of May 12, 2022, by and between Tyler Technologies, Inc. and H. Lynn Moore, Jr. (filed as Exhibit 10.2 to our Form 8-K dated May 18, 2022 and incorporated by reference herein).
10.4						Amended and Restated Executive Employment Agreement, effective as of May 12, 2022, by and between Tyler Technologies, Inc. and Brian K. Miller (filed as Exhibit 10.3 to our Form 8-K dated May 18, 2022 and incorporated by reference herein).
10.5						Executive Employment Agreement, effective as of May 12, 2022, by and between Tyler Technologies, Inc. and Jeffrey D. Puckett (filed as Exhibit 10.4 to our Form 8-K dated May 18, 2022 and incorporated by reference herein).
10.6						Code of Business Conduct and Ethics of Tyler Technologies, Inc. dated October 30, 2020 (filed as Exhibit 99.1 to our form 8-K dated March 31, 2023, and incorporated by reference herein).
10.7						Revised Insider Trading Policy of Tyler Technologies, Inc., dated July 20, 2023,(filed as exhibit 10.1 to our Form 10-Q dated July 26, 2023, and incorporated by reference herein).


Exhibit Number						Description
10.8						Agreement and plan of merger by and among Tyler Technologies, Inc. TMP Subsidiary, Inc., MP Holding Parent, Inc. (filed as Exhibit 10.7 to our Form 10-K dated February 20, 2019 and incorporated by reference herein).
10.9						Tyler Technologies, Inc. 2018 Stock Option Plan effective as of May 9, 2018 (filed as Appendix A to the registrant's Proxy Statement filed with the Commission on March 28, 2018 and incorporated by reference herein).
*21.1						Subsidiaries of Tyler Technologies, Inc.
*23						Consent of Independent Registered Public Accounting Firm.
*31.1						Rule 13a-14(a) Certification by Principal Executive Officer.(a) Certification by Principal Executive Officer.
*31.2						Rule 13a-14(a) Certification by Principal Financial Officer.
*32.1						Section 1350 Certification of Principal Executive Officer and Principal Financial Officer.
*101.INS						Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags, including Cover Page XBRL tags, are embedded within the Inline XBRL Document.
*101.SCH						Inline XBRL Taxonomy Extension Schema Document.
*101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase Document.
*101.LAB						Inline XBRL Extension Labels Linkbase Document.
*101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase Document.
*101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


			Goodwill impairment tests
Description of the Matter			As of December 31, 2023, the Company’s goodwill balance of $2.5 billion was attributable to multiple reporting units. As disclosed in Note 1 to the consolidated financial statements, goodwill is assessed for impairment annually, or more frequently whenever events or changes in circumstances indicate its carrying value may not be recoverable. As part of its annual impairment test as of October 1, the Company performed a quantitative assessment for the platform technologies reporting unit which includes $1.7 billion, or 67%, of total goodwill as of December 31, 2023. The Company concluded that no impairment existed as of their annual assessment date. Auditing management’s quantitative assessment for goodwill impairment was complex and highly judgmental due to the significant judgment required to determine the fair value of this reporting unit. In particular, the Company’s fair value estimate for this reporting unit was sensitive to significant assumptions, such as weighted average cost of capital and revenue growth rates which are forward looking and affected by expectations about future market or economic conditions.
How We Addressed the Matter in Our Audit			We obtained an understanding, evaluated the design, and tested the operating effectiveness of controls over the Company’s review process for the quantitative goodwill impairment assessment, including controls over management’s review of the significant assumptions described above. To test the estimated fair value of the applicable reporting unit, we performed audit procedures that included, among others, assessing the methodologies and testing the significant assumptions discussed above and the underlying data used by the Company in its analysis. We evaluated management’s forecasted revenue to identify, understand and evaluate changes as compared to historical results and performed sensitivity analyses of significant assumptions to evaluate the changes in the fair value of the reporting unit that would result from changes in the assumptions. We also involved internal valuation specialists to assist in evaluating management’s methodologies and significant assumptions applied in developing the fair value estimates.


	December 31, 2023		December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents	$	165,493	$	173,857
Accounts receivable (less allowance for losses and sales adjustments of $22,829 in 2023 and $14,761 in 2022)	619,704		577,257
Short-term investments	10,385		37,030
Prepaid expenses	54,700		50,859

Other current assets	10,303		8,239
Total current assets	860,585		847,242
Accounts receivable, long-term	8,988		8,271
Operating lease right-of-use assets	39,039		50,989
Property and equipment, net	169,720		172,786
Other assets:
Software development costs, net	67,124		48,189
Goodwill	2,532,109		2,489,308
Other intangibles, net	928,870		1,002,164
Non-current investments	7,046		18,508
Other non-current assets	63,182		49,960
	$	4,676,663	$	4,687,417
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	146,339	$	104,813
Accrued liabilities	158,558		131,941
Operating lease liabilities	11,060		10,736
Current income tax payable	2,466		43,667
Deferred revenue	632,914		568,538
Current portion of term loans	49,801		30,000
Total current liabilities	1,001,138		889,695

Term loans, net	—		362,905
Convertible senior notes due 2026, net	596,206		594,484
Deferred revenue, long-term	291		2,037
Deferred income taxes	78,590		148,891
Operating lease liabilities, long-term	39,822		48,049
Other long-term liabilities	22,621		16,967
Total liabilities	1,738,668		2,063,028
Commitments and contingencies	—		—
Shareholders' equity:
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued	—		—
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2023 and 2022	481		481
Additional paid-in capital	1,354,787		1,209,725
Accumulated other comprehensive loss, net of tax	(326)		(844)
Retained earnings	1,603,773		1,437,854
Treasury stock, at cost; 5,858,476 and 6,364,991 shares in 2023 and 2022, respectively	(20,720)		(22,827)
Total shareholders' equity	2,937,995		2,624,389
	$	4,676,663	$	4,687,417


	Common Stock			Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)		Retained Earnings		Treasury Stock			Total Shareholders' Equity
	Shares	Amount								Shares	Amount
Balance at December 31, 2020	48,148	$	481	$	905,332	$	(46)	$	1,112,156	(7,609)	$	(31,812)	$	1,986,111
Net income	—	—		—		—		161,458		—	—		161,458
Exercise of stock options and vesting of restricted stock units	—	—		50,831		—		—		832	45,883		96,714
Employee taxes paid for withheld shares upon equity award settlement	—	—		—		—		—		(58)	(27,030)		(27,030)
Stock compensation	—	—		104,726		—		—		—	—		104,726
Issuance of shares pursuant to employee stock purchase plan	—	—		12,889		—		—		35	269		13,158
Treasury stock purchases	—	—		—		—		—		(33)	(12,977)		(12,977)
Purchase consideration for conversion of unvested restricted stock awards	—	—		1,872		—		—		—	—		1,872
Balance at December 31, 2021	48,148	481		1,075,650		(46)		1,273,614		(6,833)	(25,667)		2,324,032
Net income	—	—		—		—		164,240		—	—		164,240
Other comprehensive loss, net of tax	—	—		—		(798)		—		—	—		(798)
Exercise of stock options and vesting of restricted stock units	—	—		(3,218)		—		—		433	29,547		26,329
Employee taxes paid for withheld shares upon equity award settlement	—	—		—		—		—		(70)	(27,219)		(27,219)
Stock compensation	—	—		102,985		—		—		—	—		102,985
Issuance of shares pursuant to employee stock purchase plan	—	—		16,365		—		—		49	286		16,651

Issuance of shares for acquisitions	—	—		17,943		—		—		56	226		18,169
Balance at December 31, 2022	48,148	481		1,209,725		(844)		1,437,854		(6,365)	(22,827)		2,624,389
Net income	—	—		—		—		165,919		—	—		165,919
Other comprehensive income, net of tax	—	—		—		518		—		—	—		518
Exercise of stock options and vesting of restricted stock units	—	—		15,122		—		—		514	29,575		44,697
Employee taxes paid for withheld shares upon equity award settlement	—	—		—		—		—		(74)	(27,737)		(27,737)
Stock compensation	—	—		108,338		—		—		—	—		108,338
Issuance of shares pursuant to employee stock purchase plan	—	—		15,988		—		—		52	208		16,196

Issuance of shares for acquisitions	—	—		5,614		—		—		15	61		5,675
Balance at December 31, 2023	48,148	$	481	$	1,354,787	$	(326)	$	1,603,773	(5,858)	$	(20,720)	$	2,937,995


	Years ended December 31,
	2023		2022
Balance at beginning of year	$	14,761	$	12,086
Provisions for losses and sales adjustments - accounts receivable	8,233		2,781
Collections of accounts previously written off	(165)		(106)
Balance at end of year	$	22,829	$	14,761


For the year ended December 31, 2023	Enterprise Software		Platform Technologies		Corporate		Totals
Revenues
Subscriptions:
SaaS	$	459,544	$	68,433	$	—	$	527,977
Transaction-based fees	174,718		456,817		—		631,535
Maintenance	442,781		23,880		—		466,661
Professional services	209,727		40,249		—		249,976
Software licenses and royalties	32,709		5,387		—		38,096
Hardware and other	30,176		—		7,330		37,506
Intercompany	23,566		—		(23,566)		—
Total revenues	$	1,373,221	$	594,766	$	(16,236)	$	1,951,751
Depreciation and amortization expense	25,445		110,354		18,280		154,079
Segment operating income	443,756		124,446		(238,971)		329,231
Software development expenditures	6,619		15,840		10,031		32,490
Capital expenditures	16,788		2,380		1,351		20,519
Segment assets	$	631,117	$	426,064	$	3,619,482	$	4,676,663


For the year ended December 31, 2022	Enterprise Software		Platform Technologies		Corporate		Totals
Revenues
Subscriptions:
SaaS	$	378,953	$	49,573	$	—	$	428,526
Transaction-based fees	147,370		436,408		—		583,778
Maintenance	444,143		24,312		—		468,455
Professional services	204,970		72,655		—		277,625
Software licenses and royalties	55,158		4,248		—		59,406
Hardware and other	26,592		—		5,822		32,414
Intercompany	21,636		—		(21,636)		—
Total revenues	$	1,278,822	$	587,196	$	(15,814)	$	1,850,204
Depreciation and amortization expense	55,389		84,609		19,074		159,072
Segment operating income	418,776		123,291		(214,263)		327,804
Software development expenditures	3,790		14,581		9,251		27,622
Capital expenditures	8,972		6,845		6,712		22,529
Segment assets	$	636,377	$	362,610	$	3,688,430	$	4,687,417


For the year ended December 31, 2021	Enterprise Software		Platform Technologies		Corporate		Totals
Revenues
Subscriptions:
SaaS	$	310,416	$	31,702	$	—	$	342,118
Transaction-based fees	114,662		327,655		—		442,317
Maintenance	439,589		34,698		—		474,287
Professional services	193,184		43,995		—		237,179
Software licenses and royalties	66,816		7,636		—		74,452
Hardware and other	18,876		31		3,027		21,934
Intercompany	22,033		—		(22,033)		—
Total revenues	$	1,165,576	$	445,717	$	(19,006)	$	1,592,287
Depreciation and amortization expense	54,011		55,539		26,074		135,624
Segment operating income	401,382		92,582		(222,779)		271,185
Software development expenditures	3,504		12,332		5,857		21,693
Capital expenditures	19,213		3,696		11,010		33,919
Segment assets	$	601,390	$	359,919	$	3,770,852	$	4,732,161


Reconciliation of reportable segment operating income to the Company's consolidated totals:	Years Ended December 31,
	2023		2022		2021
Total segment operating income	$	329,231	$	327,804	$	271,185
Amortization of acquired software	(36,062)		(52,192)		(45,601)
Amortization of other intangibles	(74,632)		(61,363)		(44,849)
Interest expense	(23,629)		(28,379)		(23,298)
Other income, net	3,328		1,723		1,544
Income before income taxes	$	198,236	$	187,593	$	158,981


For the year ended December 31, 2023	Products and services transferred at a point in time		Products and services transferred over time		Total
Revenues:
Subscriptions:
SaaS	$	—	$	527,977	$	527,977
Transaction-based fees	—		631,535		631,535
Maintenance	—		466,661		466,661
Professional services	—		249,976		249,976
Software licenses and royalties	34,516		3,580		38,096
Hardware and other	37,506		—		37,506
Total	$	72,022	$	1,879,729	$	1,951,751


	December 31, 2023		December 31, 2022
Enterprise Software	$	589,295	$	533,902
Platform Technologies	39,597		33,691
Corporate	4,313		2,982
Totals	$	633,205	$	570,575


Cash	$	6,361
Accounts receivable	1,730
Other current assets	594
Other noncurrent assets	698
Goodwill and identifiable intangible assets	125,541
Accounts payable	(1,881)
Accrued expenses	(357)
Other noncurrent liabilities	(742)
Deferred revenue	(688)
Deferred tax liabilities, net	(8,326)
Total consideration	$	122,930


	Useful Lives (years)	2023		2022
Land	—	$	22,908	$	22,908
Building and leasehold improvements	5-39	172,094		159,059
Computer equipment and purchased software	3-5	118,178		121,968
Furniture and fixtures	5	34,881		39,373
Transportation equipment	5	222		200
		348,283		343,508
Accumulated depreciation and amortization		(178,563)		(170,722)
Property and equipment, net		$	169,720	$	172,786


2024	$	18,546
2025	17,031
2026	13,867
2027	9,286
2028	4,976
Thereafter	3,418
	$	67,124


	2023		2022
Gross carrying amount of other intangibles:
Customer related intangibles	$	1,015,919	$	990,545
Acquired software	466,253		456,137
Trade names	45,002		45,293
Leases acquired	5,037		5,037
	1,532,211		1,497,012
Accumulated amortization	(603,341)		(494,848)
Total other intangibles, net	$	928,870	$	1,002,164