Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.22.1
Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

Goodwill as of March 31, 2022 and December 31, 2021 was as follows (in thousands):

 

Balance as of December 31, 2021

 

$

110,465

 

Purchase price adjustment in the period

 

 

96

 

Effect of exchange rate

 

 

(473

)

Balance as of March 31, 2022

 

$

110,088

 

Summary of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

As of March 31, 2022

 

 

As of December 31, 2021

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

40,190

 

 

$

6,959

 

 

$

33,231

 

 

$

40,416

 

 

$

5,393

 

 

$

35,023

 

Customer relationships

 

 

86,555

 

 

 

10,956

 

 

 

75,599

 

 

 

86,792

 

 

 

8,597

 

 

 

78,195

 

Trade names

 

 

13,038

 

 

 

1,358

 

 

 

11,680

 

 

 

13,060

 

 

 

952

 

 

 

12,108

 

Patent

 

 

130

 

 

 

65

 

 

 

65

 

 

 

131

 

 

 

61

 

 

 

70

 

Total amortizable intangible assets

 

$

139,913

 

 

$

19,338

 

 

$

120,575

 

 

$

140,399

 

 

$

15,003

 

 

$

125,396

 

Summary of Estimated Future Amortization Expense

Total estimated future amortization expense as of March 31, 2022 is as follows (in thousands):

 

 

 

As of

March 31, 2022

 

2022 (remaining nine months)

 

$

12,814

 

2023

 

 

16,717

 

2024

 

 

16,615

 

2025

 

 

16,542

 

2026

 

 

16,468

 

2027 and thereafter

 

 

41,419

 

Total

 

$

120,575