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Goodwill and Acquired Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Acquired Intangible Assets (Infinite Lived)

The components of acquired intangible assets as of March 31, 2021 and December 31, 2020 were as follows:

 

 

March 31, 2021

 

 

December 31, 2020

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

 

(in thousands)

 

Restaurant relationships

 

$

492,791

 

 

$

(165,316

)

 

$

327,475

 

 

$

492,791

 

 

$

(158,885

)

 

$

333,906

 

Diner acquisition

 

 

48,293

 

 

 

(31,982

)

 

 

16,311

 

 

 

48,293

 

 

 

(29,567

)

 

 

18,726

 

Developed technology

 

 

34,095

 

 

 

(22,534

)

 

 

11,561

 

 

 

34,095

 

 

 

(21,696

)

 

 

12,399

 

Other

 

 

2,918

 

 

 

(2,805

)

 

 

113

 

 

 

2,918

 

 

 

(2,787

)

 

 

131

 

Total amortizable intangible assets

 

 

578,097

 

 

 

(222,637

)

 

 

355,460

 

 

 

578,097

 

 

 

(212,935

)

 

 

365,162

 

Indefinite-lived trademarks

 

 

89,676

 

 

 

 

 

 

89,676

 

 

 

89,676

 

 

 

 

 

 

89,676

 

Total acquired intangible assets

 

$

667,773

 

 

$

(222,637

)

 

$

445,136

 

 

$

667,773

 

 

$

(212,935

)

 

$

454,838

 

 

Components of Acquired Intangible Assets (Finite Lived)

The components of acquired intangible assets as of March 31, 2021 and December 31, 2020 were as follows:

 

 

March 31, 2021

 

 

December 31, 2020

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

 

(in thousands)

 

Restaurant relationships

 

$

492,791

 

 

$

(165,316

)

 

$

327,475

 

 

$

492,791

 

 

$

(158,885

)

 

$

333,906

 

Diner acquisition

 

 

48,293

 

 

 

(31,982

)

 

 

16,311

 

 

 

48,293

 

 

 

(29,567

)

 

 

18,726

 

Developed technology

 

 

34,095

 

 

 

(22,534

)

 

 

11,561

 

 

 

34,095

 

 

 

(21,696

)

 

 

12,399

 

Other

 

 

2,918

 

 

 

(2,805

)

 

 

113

 

 

 

2,918

 

 

 

(2,787

)

 

 

131

 

Total amortizable intangible assets

 

 

578,097

 

 

 

(222,637

)

 

 

355,460

 

 

 

578,097

 

 

 

(212,935

)

 

 

365,162

 

Indefinite-lived trademarks

 

 

89,676

 

 

 

 

 

 

89,676

 

 

 

89,676

 

 

 

 

 

 

89,676

 

Total acquired intangible assets

 

$

667,773

 

 

$

(222,637

)

 

$

445,136

 

 

$

667,773

 

 

$

(212,935

)

 

$

454,838

 

 

Estimated Future Amortization of Acquired Intangible Assets

Estimated future amortization expense of acquired intangible assets as of March 31, 2021 was as follows:

 

 

(in thousands)

 

The remainder of 2021

 

$

29,107

 

2022

 

 

36,847

 

2023

 

 

30,348

 

2024

 

 

28,141

 

2025

 

 

25,736

 

Thereafter

 

 

205,281

 

Total

 

$

355,460