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Intangible Assets
6 Months Ended
Jun. 30, 2022
Intangible Assets Disclosure [Abstract]  
Intangible Assets

3. Intangible Assets

The details of intangible assets and related accumulated amortization are set forth below:

 

 

 

As of June 30, 2022

 

 

As of December 31, 2021

 

 

 

Gross
value

 

 

Accumulated
amortization

 

 

Net
value

 

 

Gross
value

 

 

Accumulated
amortization

 

 

Net
value

 

Data supply relationships

 

$

17,032

 

 

$

4,369

 

 

$

12,663

 

 

$

8,750

 

 

$

1,875

 

 

$

6,875

 

Tradenames

 

 

2,720

 

 

 

2,433

 

 

 

287

 

 

 

2,720

 

 

 

2,171

 

 

 

549

 

Completed technologies

 

 

28,792

 

 

 

20,203

 

 

 

8,589

 

 

 

23,092

 

 

 

17,568

 

 

 

5,524

 

Customer relationships

 

 

71,099

 

 

 

44,830

 

 

 

26,269

 

 

 

65,999

 

 

 

37,984

 

 

 

28,015

 

Total intangible assets

 

$

119,643

 

 

$

71,835

 

 

$

47,808

 

 

$

100,561

 

 

$

59,598

 

 

$

40,963

 

 

 

Amortization expense of intangibles for the three and six months ended June 30, 2022 was $6,425 and $12,237, respectively, and for the three and six months ended June 30, 2021 was $4,948 and $9,028, respectively.

Weighted average useful life of the unamortized intangibles as of June 30, 2022 was 3.73 years. Based on the amount of intangible assets subject to amortization, the Company’s estimated future amortization expense over the next five years and beyond are as follows:

 

 

 

As of June 30, 2022

 

Year ended December 31,

 

 

 

Remaining six months of 2022

 

$

10,696

 

2023

 

 

14,347

 

2024

 

 

9,885

 

2025

 

 

4,919

 

2026

 

 

4,161

 

2027 and thereafter

 

 

3,800

 

Total

 

$

47,808