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Goodwill and Acquired Intangibles (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

Goodwill consisted of the following (in thousands):

 

 

 

2021

 

 

2020

 

Beginning balance

 

 

21,820

 

 

 

16,070

 

Increase for acquisition activity

 

 

57,019

 

 

 

5,750

 

Ending balance

 

$

78,839

 

 

$

21,820

 

 

 

Summary of Acquired Intangible Assets

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

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Useful Lives
(in years)

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Carrying
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Carrying
Value

 

Customer Relationships

 

0.5 - 15 years

 

 

9,850

 

 

 

(975

)

 

 

8,875

 

 

 

4,950

 

 

 

(273

)

 

 

4,677

 

Developed Technology

 

1 - 7 years

 

 

8,200

 

 

 

(3,128

)

 

 

5,072

 

 

 

2,950

 

 

 

(1,399

)

 

 

1,551

 

Other Acquired Intangibles

 

0.5 - 5 years

 

 

7,150

 

 

 

(2,967

)

 

 

4,183

 

 

 

6,650

 

 

 

(1,387

)

 

 

5,263

 

Total

 

 

 

$

25,200

 

 

$

(7,070

)

 

$

18,130

 

 

$

14,550

 

 

$

(3,059

)

 

$

11,491

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense on acquired intangible assets for the next five years is as follows (in thousands):

 

Year ended December 31,

 

 

 

2022

 

 

3,582

 

2023

 

 

3,100

 

2024

 

 

3,043

 

2025

 

 

1,770

 

2026

 

 

1,733

 

Thereafter

 

 

4,902

 

Total

 

 

18,130