INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible assets consist of the following (in thousands, except amortization period data):


	September 30, 2022		December 31, 2021		Weighted- Average Amortization Period (in years)




Acquired technology and data	$	39,412	$	41,979	5
Accumulated amortization	(18,598)		(15,333)
Acquired technology and data, net	20,814		26,646

Acquired customer base	458,038		569,666		10
Accumulated amortization	(272,235)		(319,039)
Acquired customer base, net	185,803		250,627

Acquired trade names and other intangible assets	250,707		262,136		13
Accumulated amortization	(114,092)		(103,747)
Acquired trade names and other intangible assets, net	136,615		158,389

Intangible assets, net	$	343,232	$	435,662

No impairments of the Company's intangible assets were recognized during the nine months ended September 30, 2022 and 2021. During the third quarter of 2022, the Company decided to eliminate certain usage fees related to agent access to a Homesnap product. This resulted in an acceleration of $16 million of amortization expense in the third quarter of 2022 for acquired customer base. During the nine months ended September 30, 2022, the Company removed $83 million of intangible assets that were fully amortized from the acquired intangible assets and accumulated amortization, which had no net impact on the Company's financial results.