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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2022
Acquisitions Intangible Assets And Goodwill [Abstract]  
Schedule of Intangible Assets, net

As of March 31, 2022 and December 31, 2021, intangible assets, net consisted of the following:

 

 

 

March 31, 2022

 

 

December 31, 2021

 

(in thousands)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Customer relationships

 

$

20,378

 

$

(13,757

)

$

6,621

 

 

$

20,426

 

$

(12,927

)

$

7,499

 

Trade name

 

 

2,100

 

 

(1,695

)

 

405

 

 

 

2,125

 

 

(1,094

)

 

1,031

 

Developed technology

 

 

16,848

 

 

(16,029

)

 

819

 

 

 

17,074

 

 

(14,831

)

 

2,243

 

Acquisition intangible assets, net

 

$

39,326

 

$

(31,481

)

$

7,845

 

 

$

39,625

 

$

(28,852

)

$

10,773

 

 

As of March 31, 2022 and December 31, 2021, capitalized internal-use software consisted of the following:

 

(in thousands)

 

March 31, 2022

 

December 31, 2021

 

Gross capitalized internal-use software

 

$

54,724

 

$

51,395

 

Less: Accumulated amortization

 

 

(26,036

)

 

(23,237

)

Capitalized internal-use software, net

 

$

28,688

 

$

28,158

 

 

Schedule of Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):

 

Balance as of December 31, 2021

$

463,736

 

Foreign currency translation

 

(1,319

)

Balance as of March 31, 2022

$

462,417

 

 

Summary of Future Amortization Expense

As of March 31, 2022, future amortization expense by year is expected to be as follows:

 

(in thousands)

 

Capitalized
internal-use
software, net

 

 

Acquisition
intangible
assets, net

 

Remainder of 2022

 

$

5,761

 

 

$

2,689

 

2023

 

 

3,180

 

 

 

1,483

 

2024

 

 

649

 

 

 

1,483

 

2025

 

 

 

 

 

1,390

 

2026

 

 

 

 

 

800

 

Total amortization expense

 

$

9,590

 

 

$

7,845