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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Activity in Carrying Value of Goodwill by Reporting Unit

The following table summarizes the activity in the carrying value of goodwill by reporting unit for the six months ended June 30, 2022 and 2021 (in thousands):

 

 

 

Ecommerce

 

 

Wholesale

 

 

TDA

 

 

Total

 

Balance as of December 31, 2020

 

$

72,231

 

 

$

1,720

 

 

$

4,221

 

 

$

78,172

 

Acquisition

 

 

81,134

 

 

 

 

 

 

 

 

 

81,134

 

Balance as of June 30, 2021

 

$

153,365

 

 

$

1,720

 

 

$

4,221

 

 

$

159,306

 

Balance as of December 31, 2021

 

$

152,876

 

 

$

1,720

 

 

$

4,221

 

 

$

158,817

 

Acquisition

 

 

42,886

 

 

 

 

 

 

 

 

 

42,886

 

Goodwill impairment charge

 

 

(195,762

)

 

 

(1,720

)

 

 

(4,221

)

 

 

(201,703

)

Balance as of June 30, 2022

 

$

 

 

$

 

 

$

 

 

$

 

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Carrying Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Carrying Value

 

Developed and Purchased Technology

 

$

108,700

 

 

$

(12,554

)

 

$

96,146

 

 

$

25,700

 

 

$

(5,043

)

 

$

20,657

 

Customer Relationships

 

 

69,400

 

 

 

(4,323

)

 

 

65,077

 

 

 

5,240

 

 

 

(673

)

 

 

4,567

 

Trademarks and Trade names

 

 

12,240

 

 

 

(1,038

)

 

 

11,202

 

 

 

3,400

 

 

 

(417

)

 

 

2,983

 

Other

 

 

252

 

 

 

(252

)

 

 

 

 

 

252

 

 

 

(252

)

 

 

 

      Total intangible assets

 

$

190,592

 

 

$

(18,167

)

 

$

172,425

 

 

$

34,592

 

 

$

(6,385

)

 

$

28,207

 

Schedule of Estimated Amortization Expense for Intangible Assets

The estimated amortization expense for intangible assets subsequent to June 30, 2022, consists of the following (in thousands):

 

Year Ending December 31:

 

 

 

For remainder of 2022

 

$

13,512

 

2023

 

 

27,022

 

2024

 

 

27,022

 

2025

 

 

27,022

 

2026

 

 

21,979

 

Thereafter

 

 

55,868

 

 

 

$

172,425