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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, net

As of June 30, 2022 and December 31, 2021, intangible assets, net consisted of the following:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

(in thousands)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Customer relationships

 

$

20,235

 

$

(14,250

)

$

5,985

 

 

$

20,426

 

$

(12,927

)

$

7,499

 

Trade name

 

 

2,029

 

 

(1,759

)

 

270

 

 

 

2,125

 

 

(1,094

)

 

1,031

 

Developed technology

 

 

16,194

 

 

(15,866

)

 

328

 

 

 

17,074

 

 

(14,831

)

 

2,243

 

Acquisition intangible assets, net

 

$

38,458

 

$

(31,875

)

$

6,583

 

 

$

39,625

 

$

(28,852

)

$

10,773

 

As of June 30, 2022 and December 31, 2021, capitalized internal-use software consisted of the following:

 

(in thousands)

 

June 30, 2022

 

December 31, 2021

 

Gross capitalized internal-use software

 

$

57,878

 

$

51,395

 

Less: Accumulated amortization

 

 

(28,777

)

 

(23,237

)

Capitalized internal-use software, net

 

$

29,101

 

$

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

 

(5,140

)

Balance as of June 30, 2022

$

458,596

 

Summary of Future Amortization Expense

As of June 30, 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

 

$

3,579

 

 

$

1,428

 

2023

 

 

4,139

 

 

 

1,483

 

2024

 

 

1,608

 

 

 

1,483

 

2025

 

 

400

 

 

 

1,389

 

2026

 

 

 

 

 

800

 

Total amortization expense

 

$

9,726

 

 

$

6,583