Acquisition, Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

Cash consideration, net of cash acquired, was preliminarily allocated as follows:

(in thousands)
Intangible assets	$	4,113
Goodwill	18,960
Other liabilities, net	(113)
Total purchase price	$	22,960

Schedule of acquired finite-lived intangible assets by major class

Acquired intangible assets and their estimated useful lives at the date of acquisition are as follows:

	Intangible Assets
(dollars in thousands)	Cost		Estimated Useful Life
Acquired technology	$	4,113	7 years
Acquired intangible assets	$	4,113

Schedule of goodwill

The changes in the carrying amount of goodwill are as follows:

(in thousands)
Balance at December 31, 2021	$	261,614
Acquired goodwill	18,960
Balance at March 31, 2022	$	280,574

Schedule of finite-lived intangible assets

Acquired intangible assets subject to amortization are as follows:

	March 31, 2022						December 31, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	$	86,037	$	(12,890)	$	73,147	$	81,924	$	(10,499)	$	71,425
Trade name	390		(316)		74		390		(279)		111
	$	86,427	$	(13,206)	$	73,221	$	82,314	$	(10,778)	$	71,536

Schedule of finite-lived intangible assets, future amortization expense

At March 31, 2022, estimated future amortization of acquired intangible assets is as follows:

(in thousands)
Year ending December 31,
2022(1)	$	7,993
2023	10,637
2024	10,603
2025	10,603
2026	10,419
Thereafter	22,966
Total	$	73,221

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(1)    Represents the nine months ending December 31, 2022.