Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

4. INTANGIBLE ASSETS AND GOODWILL

Intangible assets

Our finite-lived intangible assets are summarized as follows (in thousands):

	March 31, 2022
	Gross Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
Developed technology	$	157,959	$	(22,568	)	$	135,391
Customer relationships		66,350		(9,240	)		57,110
Total	$	224,309	$	(31,808	)	$	192,501

	December 31, 2021
	Gross Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount
Developed technology	$	157,773	$	(16,013	)	$	141,760
Customer relationships		66,350		(6,133	)		60,217
Total	$	224,123	$	(22,146	)	$	201,977

Intangible assets amortization expense is summarized as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Cost of revenue	$	5,654	$	1,086
Sales and marketing		3,106		479
Research and development		902		183
Total amortization of acquired intangible assets	$	9,662	$	1,748

Goodwill

 As of March 31, 2022, the Company had goodwill of $540.0 million in its condensed consolidated balance sheet. During the three months ended March 31, 2022, goodwill decreased by $0.9 million due to the settlement of post-close working capital adjustments from business combinations which were completed in the fourth quarter of 2021, and the effect of foreign currency translation. There was no impairment of goodwill during the periods presented.