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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2021
Acquisitions Intangible Assets And Goodwill [Abstract]  
Schedule of Intangible Assets, net

As of March 31, 2021 and December 31, 2020, intangible assets, net consisted of the following:

 

 

 

March 31, 2021

 

 

December 31, 2020

 

(in thousands)

 

Gross

Carrying

Amount

 

Accumulated

Amortization

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

Accumulated

Amortization

 

Net

Carrying

Amount

 

Customer relationships

 

$

23,705

 

$

(13,390

)

$

10,315

 

 

$

23,804

 

$

(12,448

)

$

11,356

 

Trade name

 

 

2,766

 

 

(1,388

)

 

1,378

 

 

 

2,824

 

 

(1,285

)

 

1,539

 

Developed technology

 

 

20,352

 

 

(13,715

)

 

6,637

 

 

 

20,881

 

 

(12,569

)

 

8,312

 

Acquisition intangible assets, net

 

$

46,823

 

$

(28,493

)

$

18,330

 

 

$

47,509

 

$

(26,302

)

$

21,207

 

As of March 31, 2021 and December 31, 2020, capitalized internal-use software consisted of the following:

 

(in thousands)

 

March 31, 2021

 

December 31, 2020

 

Gross capitalized internal-use software

 

$

53,667

 

$

50,833

 

Less: Accumulated amortization

 

 

(24,272

)

 

(21,371

)

Capitalized internal-use software, net

 

$

29,395

 

$

29,462

 

Schedule of Carrying Amount of Goodwill

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

 

Balance as of December 31, 2020

$

468,764

 

Foreign currency translation

 

(2,851

)

Balance as of March 31, 2021

$

465,913

 

Summary of Future Amortization Expense

As of March 31, 2021, future amortization expense by year is expected to be as follows:

 

 

(in thousands)

 

Capitalized

internal-use

software, net

 

 

Acquisition

intangible

assets, net

 

Remainder of 2021

 

$

8,048

 

 

$

7,500

 

2022

 

 

6,963

 

 

 

5,057

 

2023

 

 

1,584

 

 

 

1,917

 

2024

 

 

 

 

 

1,667

 

2025

 

 

 

 

 

1,389

 

Thereafter

 

 

 

 

 

800

 

Total amortization expense

 

$

16,595

 

 

$

18,330