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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2022 was as follows:

 

(In thousands)

 

Amounts

 

Balance at December 31, 2021

 

$

 

Acquisitions

 

 

70,861

 

Balance at June 30, 2022

 

$

70,861

 

Summary of Acquired Intangible Assets, Net

Acquired intangible assets, net consisted of the following:

 

 

 

June 30, 2022

 

(In thousands)

 

Gross Carry Amount

 

 

Accumulated Amortization

 

 

Net Carry Amount

 

 

Weighted Average Remaining Useful Life
(in years)

 

Trade name and trademarks

 

$

1,000

 

 

$

28

 

 

$

972

 

 

 

5.8

 

Developed technology

 

 

9,600

 

 

 

323

 

 

 

9,277

 

 

 

4.8

 

Customer relationships

 

 

10,700

 

 

 

223

 

 

 

10,477

 

 

 

8.8

 

Total

 

$

21,300

 

 

$

574

 

 

$

20,726

 

 

 

 

Summary of Future Amortization Expense Related to Acquired Intangible Assets

As of June 30, 2022, future amortization expense related to acquired intangible assets was as follows:

 

(In thousands)

 

Amortization Expense

 

2022

 

$

1,638

 

2023

 

 

3,276

 

2024

 

 

3,276

 

2025

 

 

3,276

 

2026

 

 

3,276

 

2027 and thereafter

 

 

5,984

 

Total

 

$

20,726