Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

6. Goodwill and intangible assets

Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. The changes to the carrying amount of goodwill as follows:

(in thousands)

Balance as of December 31, 2020	$	—
Goodwill acquired	$	42,432
Balance as of December 31, 2021	$	42,432

Goodwill amounts are not amortized but tested for impairment on an annual basis. There was no impairment of goodwill as of December 31, 2021.

Definite-lived intangible assets are amortized on a straight-line basis over the useful life. Definite-lived intangible assets amortization was $3.3 million, $0.0 million and $0.0 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Definite-lived intangible assets consists of the following:

(in thousands)	December 31, 2021							December 31, 2020						Weighted average remaining useful life as of December 31, 2021 (in years)
	Gross amount		Accumulated amortization			Net carrying amount		Gross amount		Accumulated amortization		Net carrying amount
Developed technology	$	12,937	$	(1,294	)	$	11,643	$	—	$	—	$	—		3.5
Customer relationship	$	22,525	$	(1,749	)	$	20,776	$	—	$	—	$	—		5.3
Trade name	$	2,470	$	(217	)	$	2,253	$	—	$	—	$	—		4.6
Non-compete agreement	$	162	$	(24	)	$	138	$	—	$	—	$	—		2.6
Other intangibles	$	285	$	(63	)	$	222	$	—	$	—	$	—		2.3
Total definite-lived intangible	$	38,379	$	(3,347	)	$	35,032	$	—	$	—	$	—

As of December 31, 2021, expected amortization expense for definite-lived intangible assets was as follows:

(in thousands)	December 31, 2021

2022		8,005
2023		7,958
2024		7,823
2025		6,134
2026		3,395
Thereafter		1,717
Total	$	35,032