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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill

The following table reflects the carrying value of goodwill (in thousands):

 

 

Carrying Value

 

Balance as of December 31, 2020

 

$

73,058

 

Additions:

 

 

 

 

This Old House acquisition

 

 

46,671

 

Nielsen AVA business acquisition

 

 

22,055

 

Other immaterial acquisitions

 

 

5,000

 

Balance as of June 30, 2021

 

$

146,784

 

Summary of Intangible Assets

The following table is the summary of the Company’s intangible assets (in thousands, except years):

 

 

 

As of June 30, 2021

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted-Average Useful Lives (in years)

 

Developed technology

 

$

76,567

 

 

$

(19,366

)

 

$

57,201

 

 

 

5.9

 

IPR&D technology

 

 

8,500

 

 

 

 

 

 

8,500

 

 

 

5.3

 

Customer relationships

 

 

14,100

 

 

 

(5,633

)

 

 

8,467

 

 

 

4.0

 

Tradename

 

 

20,400

 

 

 

(966

)

 

 

19,434

 

 

 

9.8

 

Patents

 

 

4,076

 

 

 

(460

)

 

 

3,616

 

 

 

14.0

 

Intangible assets

 

$

123,643

 

 

$

(26,425

)

 

$

97,218

 

 

 

6.6

 

 

 

As of December 31, 2020

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted-Average Useful Lives (in years)

 

Developed technology

 

$

62,367

 

 

$

(13,439

)

 

$

48,928

 

 

 

5.9

 

Customer relationships

 

 

13,400

 

 

 

(3,908

)

 

 

9,492

 

 

 

4.0

 

Tradename

 

 

400

 

 

 

(400

)

 

 

 

 

 

0.5

 

Patents

 

 

4,076

 

 

 

(315

)

 

 

3,761

 

 

 

14.0

 

Intangible assets

 

$

80,243

 

 

$

(18,062

)

 

$

62,181

 

 

 

6.0

 

 

Schedule of Estimated Future Amortization Expense for Intangible Assets

As of June 30, 2021, the estimated future amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):

Year Ending December 31,

 

 

 

 

2021 (remaining 6 months)

 

$

9,291

 

2022

 

 

19,897

 

2023

 

 

19,219

 

2024

 

 

16,427

 

2025

 

 

14,724

 

Thereafter

 

 

17,660

 

Total

 

$

97,218