Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.22.2
Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

Goodwill as of June 30, 2022 and December 31, 2021 was as follows (in thousands):

 

Balance as of December 31, 2021

 

$

110,465

 

Purchase price adjustment in the period

 

 

3,161

 

Effect of exchange rate

 

 

(1,733

)

Balance as of June 30, 2022

 

$

111,893

 

Summary of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

As of June 30, 2022

 

 

As of December 31, 2021

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Amortizable Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

39,557

 

 

$

8,452

 

 

$

31,105

 

 

$

40,416

 

 

$

5,393

 

 

$

35,023

 

Customer relationships

 

 

85,939

 

 

 

13,196

 

 

 

72,743

 

 

 

86,792

 

 

 

8,597

 

 

 

78,195

 

Trade names

 

 

12,981

 

 

 

1,758

 

 

 

11,223

 

 

 

13,060

 

 

 

952

 

 

 

12,108

 

Patent

 

 

141

 

 

 

66

 

 

 

75

 

 

 

131

 

 

 

61

 

 

 

70

 

Total amortizable intangible assets

 

$

138,618

 

 

$

23,472

 

 

$

115,146

 

 

$

140,399

 

 

$

15,003

 

 

$

125,396

 

Summary of Estimated Future Amortization Expense

Total estimated future amortization expense as of June 30, 2022 is as follows (in thousands):

 

 

 

As of

June 30, 2022

 

2022 (remaining six months)

 

$

8,333

 

2023

 

 

16,587

 

2024

 

 

16,488

 

2025

 

 

16,416

 

2026

 

 

16,345

 

2027 and thereafter

 

 

40,977

 

Total

 

$

115,146