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Goodwill and Acquired Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets

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

 

 

 

 

 

 

June 30, 2023

 

 

 

Weighted Average Useful Life

 

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Carrying Value

 

 

 

(in years)

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

7.6

 

 

$

10,200

 

 

$

(4,004

)

 

$

6,196

 

Developed technology

 

3

 

 

 

1,700

 

 

 

(1,075

)

 

 

625

 

Other identifiable intangible assets

 

 

2.8

 

 

 

570

 

 

 

(471

)

 

 

99

 

 

 

 

 

$

12,470

 

 

$

(5,550

)

 

$

6,920

 

 

 

 

 

 

 

December 31, 2022

 

 

 

Weighted Average Useful Life

 

 

Gross Amount

 

 

Accumulated Amortization

 

 

Carrying Value

 

 

 

(in years)

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

7.6

 

 

$

10,200

 

 

$

(3,353

)

 

$

6,847

 

Developed technology

 

3

 

 

 

1,700

 

 

 

(786

)

 

 

914

 

Other identifiable intangible assets

 

 

2.8

 

 

 

570

 

 

 

(376

)

 

 

194

 

 

 

 

 

 

$

12,470

 

 

$

(4,515

)

 

$

7,955

 

Summary of Future Amortization Expense of the Intangible Assets

Future amortization expense of intangible assets as of June 30, 2023 is expected to be as follows (in thousands):

 

Year Ending December 31,

 

 

 

2023 (remaining six months)

 

$

966

 

2024

 

 

1,715

 

2025

 

 

960

 

2026

 

 

685

 

2027

 

 

708

 

Thereafter

 

 

1,886

 

 

$

6,920