Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.21.2
Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

Goodwill as of September 30, 2021 and December 31, 2020 was as follows (in thousands):

 

Balance as of December 31, 2020

 

$

16,657

 

Goodwill additions related to 2021 acquisitions

 

 

94,361

 

Effect of exchange rate

 

 

(361

)

Balance as of September 30, 2021

 

$

110,657

 

Summary of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

As of September 30, 2021

 

 

As of December 31, 2020

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

40,585

 

 

$

3,748

 

 

$

36,837

 

 

$

2,742

 

 

$

1,576

 

 

$

1,166

 

Customer relationships

 

 

86,842

 

 

 

6,179

 

 

 

80,663

 

 

 

8,925

 

 

 

2,598

 

 

 

6,327

 

Trade names

 

 

13,060

 

 

 

544

 

 

 

12,516

 

 

 

 

 

 

 

 

 

 

Patent

 

 

128

 

 

 

59

 

 

 

69

 

 

 

130

 

 

 

49

 

 

 

81

 

Total amortizable intangible assets

 

$

140,615

 

 

$

10,530

 

 

$

130,085

 

 

$

11,797

 

 

$

4,223

 

 

$

7,574

 

Summary of Estimated Future Amortization Expense

Total estimated future amortization expense as of September 30, 2021 is as follows (in thousands):

 

 

 

As of

September 30, 2021

 

2021 (remaining three months)

 

$

4,292

 

2022

 

 

17,122

 

2023

 

 

17,020

 

2024

 

 

16,817

 

2025

 

 

16,604

 

2026 and thereafter

 

 

58,230

 

Total

 

$

130,085