Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The Company carried out interim impairment tests of its long-lived assets pursuant to ASC 360 - Property, Plant, and Equipment, and its goodwill in accordance with ASC 350 - Intangibles - Goodwill and other. No impairment losses were recorded for the long-lived assets or goodwill as of September 30, 2023. See Note 2, "Summary of Significant Accounting Policies," for additional information.

The components of intangible assets and accumulated amortization are as follows (in thousands):


	As of September 30, 2023
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions		$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	1.1 years	$	13,200	$	(10,124)	$	3,076
Customer relationships	5.6 years	7,507		(3,434)		4,073
Launched in-process research and development assets	3.0 years	960		(384)		576
Total finite-lived intangible assets		$	21,667	$	(13,942)	$	7,725
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		23,891		(13,942)		9,949
Total goodwill and intangible assets		$	144,839	$	(13,942)	$	130,897


	As of December 31, 2022
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions		$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	1.8 years	$	13,200	$	(8,035)	$	5,165
Customer relationships	6.1 years	7,507		(2,677)		4,830
Launched in-process research and development assets	3.7 years	960		(240)		720
Total finite-lived intangible assets		$	21,667	$	(10,952)	$	10,715
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		23,891		(10,952)		12,939
Total goodwill and intangible assets		$	144,839	$	(10,952)	$	133,887

Amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2023 was $1.0 million and $3.0 million, respectively, and was included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations. Amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2022 was $1.0 million and $3.0 million, respectively.

The table below presents estimated future amortization expense for finite-lived intangible assets as of September 30, 2023 (in thousands):


	Amount
Remainder of 2023	$	978
2024	3,462
2025	802
2026	754
2027	610
Thereafter	1,119
Total	$	7,725