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Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
The table below summarizes the Company’s intangible assets at June 30, 2023 and December 31, 2022 (in thousands):
Useful
Life
(Years)
Weighted
Average
Remaining
Life
(Years)
June 30, 2023
Intangible AssetsAccumulated Amortization Net Balance
Customer relationships
2
0.4$32,609 $(30,748)$1,861 
Trade names
2 - 9
5.638,850 (14,311)24,539 
Capitalized Internal Use Software32.416,892 (3,172)13,720 
Software and technology
3 - 9
5.6194,794 (68,507)126,287 
Total$283,145 $(116,738)$166,407 
Useful
Lives
(Years)
Weighted
Average
Remaining
Life
(Years)
December 31, 2022
Intangible AssetsAccumulated AmortizationNet Balance
Customer relationships
2
1.2$32,433 $(28,421)$4,012 
Trade names
2 - 9
6.238,837 (12,018)26,819 
Capitalized Internal Use Software32.48,487 (1,757)6,730 
Software and technology
3 - 9
6.1191,735 (57,464)134,271 
Total$271,492 $(99,660)$171,832 
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $8.5 million and $8.1 million for the three months ended June 30, 2023 and 2022, respectively. The Company recorded amortization expense related to the above intangible assets of approximately $16.9 million and $19.2 million for the six months ended June 30, 2023 and 2022, respectively.
The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):
Year ended December 31, Future Amortization
2023$18,189 
202432,289 
202530,471 
202627,993 
202726,481 
Thereafter30,984 
Total$166,407 
Goodwill
The following table is a summary of the changes to goodwill for the six months ended June 30, 2023 (in thousands):
Balance - December 31, 2022
$618,506 
Foreign currency translation adjustment2,570 
Balance - June 30, 2023
$621,076 
As of June 30, 2023, goodwill includes and accumulated impairment charge of $148.1 million.