Goodwill and Intangible Assets, net

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

7. Goodwill and Intangible Assets, net

All goodwill is allocated to the Foundry reporting unit and segment identified in Note 11. Changes in the carrying amount of goodwill consisted of the following (in thousands):


Balance as of December 31, 2021	$	21,312
Goodwill acquired in acquisitions		11,001
Impact of foreign currency translation		(2,621	)
Measurement period adjustments		(888	)
Balance as of September 30, 2022	$	28,804

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


	Gross Carrying Value (1)		Accumulated Amortization (1)			Net Carrying Value		Weighted Average Amortization Period
September 30, 2022:
Acquired technology	$	52,903	$	(5,494	)	$	47,409		11.9
Customer relationships		380		(24	)		356		1.9
Assembled workforce		190		(17	)		173		1.3
Total intangible assets	$	53,473	$	(5,535	)	$	47,938
December 31, 2021:
Acquired technology	$	25,038	$	(3,396	)	$	21,642		13.3

(1) Gross carrying value and accumulated amortization include the impact of cumulative foreign currency translation adjustments.

Amortization expense was $1.0 million and $0.4 million for the three months ended September 30, 2022 and 2021, respectively, and $2.3 and $0.7 million for the nine months ended September 30, 2022 and 2021, respectively. The estimated future amortization expense for intangible assets remaining as of September 30, 2022 is as follows (in thousands):


Remainder of 2022	$	1,362
2023		5,446
2024		5,246
2025		5,122
2026		5,122
Thereafter		25,640
Total	$	47,938