Intangible Assets, Net

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net consist of the following:


	March 31, 2022							December 31, 2021
	Weighted Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	6.5	$	55,671	$	(3,623)	$	52,048	6.7	$	49,035	$	(1,374)	$	47,661
Software licenses	2.2	23,305		(7,477)		15,828		2.5	23,302		(6,286)		17,016
Customer relationships	6.6	15,093		(935)		14,158		6.7	12,682		(365)		12,317
Intellectual property licenses	1.3	1,757		(1,697)		60		1.5	1,736		(1,687)		49
Trade names	6.6	7,089		(444)		6,645		6.7	6,125		(182)		5,943
Backlog	1.6	2,980		(632)		2,348		1.8	2,378		(239)		2,139
Effect of exchange rate on gross carrying		(289)		—		(289)			(631)		—		(631)
Intangible assets with finite lives		105,606		(14,808)		90,798			94,627		(10,133)		84,494

IPR&D		14,036		—		14,036			11,866		—		11,866
Effect of exchange rate on gross carrying		(49)		—		(49)			(75)		—		(75)
Total intangible assets with indefinite lives		13,987		—		13,987			11,791		—		11,791

Total intangible assets		$	119,593	$	(14,808)	$	104,785		$	106,418	$	(10,133)	$	96,285

The Company obtained software licenses which it uses for its research and development efforts related to its products. In fiscal 2022 and 2021, the Company obtained additional software licenses. Further, the Company has acquired developed technology, customer relationships, trade names, backlog, and IPR&D as a result of the business combinations. See Note 2 - Business Combinations for additional information.

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. The Company monitors and assesses these assets for impairment on a periodic basis. As of March 31, 2022, the Company determined that there was no impairment of intangible assets.

Amortization of intangible assets for the three months ended March 31, 2022 and 2021 was $4,675 and $432, respectively. Amortization of intangible assets is included within Cost of goods sold, Research and development expenses, and Selling, general and administrative expenses based their respective nature, in the condensed consolidated statements of operations, respectively.

Based on the amount of definite-lived intangible assets subject to amortization as of March 31, 2022, amortization expense for each of the next five fiscal years is expected to be as follows:


2022 (remaining 9 months)	$	13,504
2023	19,637
2024	15,557
2025	11,083
2026	11,083
Thereafter	19,934
	$	90,798