Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Subsidiary of Limited Liability Company or Limited Partnership [Line Items]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Definite-lived intangible assets includes developed technology and customer relationships, which had a net carrying amount of $15.4 million and $13.8 million at June 30, 2022 and December 31, 2021, respectively. At June 30, 2022 and December 31, 2021, accumulated amortization related to our developed technology was $5.5 million and $2.5 million, respectively.

Our goodwill is included in our Marketplace segment.

The net changes in the carrying amounts of our intangible assets and goodwill were as follows (in thousands):

	Definite-lived Intangible Assets			Trademark		Goodwill
Balance at January 1, 2022	$	13,845		$	64,666	$	718,204
Betcha acquisition adjustment		(890	)		—		(2,946	)
Capitalized development costs		5,394			—		—
Amortization		(2,948	)		—		—
Balance at June 30, 2022	$	15,401		$	64,666	$	715,258

	Definite-lived Intangible Assets			Trademark		Goodwill
Balance at January 1, 2021	$	2,358		$	64,666	$	683,327
Capitalized development costs		3,886			—		—
Amortization		(789	)		—		—
Balance at June 30, 2021	$	5,455		$	64,666	$	683,327

We had recorded $563.2 million of cumulative impairment charges related to our intangible assets and goodwill as of June 30, 2022 and December 31, 2021.

Amortization expense on our definite-lived intangible assets was $1.6 million and $2.9 million for the three and six months ended June 30, 2022, respectively, and $0.5 million and $0.8 million for the three and six months ended June 30, 2021, respectively. Amortization expense is presented in Depreciation and amortization in the Condensed Consolidated Statements of Operations