GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

NOTE 4: GOODWILL AND INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill for the period indicated was as follows:

(in thousands)	Carrying Amount
As of December 31, 2020	$	—
Additions due to business combinations	100,521
As of December 31, 2021	$	100,521

Substantially all of the additions related to the Say Technologies acquisition as disclosed in Note 3 and the remainder related to other immaterial business acquisitions. There was no impairment of goodwill during the year ended December 31, 2021. We had no goodwill as of December 31, 2020.

Intangible Assets

The components of intangible assets, net as of December 31, 2021 were as follows:

(in thousands, except years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life - Years
Finite-lived intangible assets
Developed technology	$	23,100	$	(2,829)	$	20,271	2.58
Customer relationships	12,000		(460)		11,540		9.62
Trade names	600		(76)		524		2.62
Domain names	163		(43)		120		11.63
Indefinite-lived intangible assets	1,652		—		1,652		N/A
Total	$	37,515	$	(3,408)	$	34,107

As of December 31, 2021, the estimated future amortization expense of finite-lived intangible assets was as follows:

(in thousands)	Intangible Assets
2022	$	9,104
2023	9,104
2024	6,218
2025	1,210
2026	1,210
Thereafter	5,609
Total	$	32,455

Amortization expense of intangible assets was $3.4 million for the year ended December 31, 2021. There was no impairment of intangible assets during the year ended December 31, 2021.