Goodwill and Acquired Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets, Net

7. Goodwill and Acquired Intangible Assets, Net

The following table presents goodwill activity (in thousands):

December 31, 2020	$	249,773
Foreign currency translation		(388	)
March 31, 2021	$	249,385

Acquired intangible assets, net consisted of the following (in thousands):

	Weighted-
	Average		As of March 31, 2021							As of December 31, 2020
	Remaining		Gross							Gross
	Useful Life		Carrying		Accumulated			Net Book		Carrying		Accumulated			Net Book
	(Years)		Value		Amortization			Value		Value		Amortization			Value
Long-lived intangible assets:
Apps		4.2	$	1,239,252	$	(290,213	)	$	949,039	$	1,222,417	$	(232,832	)	$	989,585
User base		5.0		68,817		(20,055	)		48,762		68,817		(17,617	)		51,200
License asset		0.6		28,551		(15,266	)		13,285		28,551		(10,918	)		17,633
Developed technology		1.2		14,946		(9,812	)		5,134		14,946		(8,489	)		6,457
Other		7.4		23,300		(2,720	)		20,580		23,321		(1,864	)		21,457
Total long-lived intangible assets				1,374,866		(338,066	)		1,036,800		1,358,052		(271,720	)		1,086,332
Short-lived intangible assets:
Apps		0.4		33,584		(29,370	)		4,214		29,869		(25,599	)		4,270
Total intangible assets			$	1,408,450	$	(367,436	)	$	1,041,014	$	1,387,921	$	(297,319	)	$	1,090,602

As of March 31, 2021 and December 31, 2020, short-lived mobile Apps were included in prepaid expenses and other current assets.

The Company recorded amortization expenses related to acquired intangible assets as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Cost of revenue	$	82,185	$	27,576
Sales and marketing		3,209		2,694
Total	$	85,394	$	30,270