Acquired Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired intangible assets that are subject to amortization consisted of the following as of March 31, 2022 and December 31, 2021 (in thousands):


	March 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Completed technology	$	328,516	$	(134,891)	$	193,625	$	257,857	$	(128,715)	$	129,142
Customer-related intangible assets	499,945		(224,061)		275,884		398,182		(216,192)		181,990
Non-compete agreements	254		(127)		127		258		(107)		151
Trademarks and trade names	14,663		(6,365)		8,298		8,039		(6,097)		1,942
Acquired license rights	34,810		(556)		34,254		490		(490)		—
Total	$	878,188	$	(366,000)	$	512,188	$	664,826	$	(351,601)	$	313,225

Aggregate expense related to amortization of acquired intangible assets for the three months ended March 31, 2022 and 2021 was $13.6 million and $11.4 million, respectively. Based on the Company’s acquired intangible assets as of March 31, 2022, aggregate expense related to amortization of acquired intangible assets is expected to be $50.4 million for the remainder of 2022, and $61.3 million, $65.8 million, $66.2 million and $59.9 million for 2023, 2024, 2025 and 2026, respectively.

The change in the carrying amount of goodwill for the three months ended March 31, 2022 was as follows (in thousands):


Balance as of January 1, 2022	$	2,156,254
Acquisition of Linode Limited Liability Company	588,440
Measurement period adjustments related to acquisitions completed in prior years	1,884
Foreign currency translation	(696)
Balance as of March 31, 2022	$	2,745,882

The Company tests goodwill for impairment at least annually. Through the date the interim condensed consolidated financial statements were issued, no triggering events had occurred that would indicate that a potential impairment exists.