Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible AssetsAt March 31, 2023 and December 31, 2022, our goodwill balance was $316.5 million.

Acquired intangible assets subject to amortization are as follows:

	March 31, 2023						December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	$	97,037	$	(24,781)	$	72,256	$	97,037	$	(21,738)	$	75,299
Trade name	490		(450)		40		490		(413)		77
	$	97,527	$	(25,231)	$	72,296	$	97,527	$	(22,151)	$	75,376

Amortization of acquired intangible assets was $3.1 million and $2.4 million in the three months ended March 31, 2023 and 2022, respectively. At March 31, 2023, our acquired intangible assets are expected to be amortized over an estimated weighted average period of 6.5 years.

At March 31, 2023, estimated future amortization of acquired intangible assets is as follows:

(in thousands)
Year ending December 31,
2023(1)	$	9,172
2024	12,175
2025	12,175
2026	11,990
2027	9,960
Thereafter	16,824
Total	$	72,296

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(1)    Represents the nine months ending December 31, 2023.