Intangible Assets & Goodwill (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

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

	June 30, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
	(in thousands)						(in thousands)
Licenses	$	1,106,928	$	60,291	$	1,046,637	$	1,106,658	$	25,352	$	1,081,306
Trademarks		27,430		8,426		19,004		27,430		2,809		24,621
Internal use software		12,249		1,872		10,377		7,374		1,119		6,255
Tradenames		4,862		2,856		2,006		4,862		2,168		2,694
Customer relationships		4,536		3,277		1,259		4,536		1,430		3,106
Total	$	1,156,005	$	76,722	$	1,079,283	$	1,150,860	$	32,878	$	1,117,982

Summary of Estimated Future Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated future annual amortization expense related to intangible assets as of June 30, 2022:

	Estimated amortization
	(in thousands)
Remaining 2022	$	43,072
2023		82,692
2024		80,983
2025		78,949
2026		77,421
Thereafter		716,166
	$	1,079,283

Summary of Goodwill

The changes in the carrying amount of Goodwill arose from the following:

	As of June 30, 2022
	(in thousands)
As of December 31, 2021	$	765,358
Acquisition of Watkins		24,542
As of June 30, 2022	$	789,900