Acquisition-related Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Acquisition-related Intangible Assets, Net

Acquisition-related Intangible Assets, Net

Acquisition-related Intangible Assets, Net

Acquisition-related intangible assets, net consisted of the following (in thousands):

	March 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	7,900	$	851	$	7,049
Customer relationships	1,000		1,000		—
Total acquisition-related intangible assets	$	8,900	$	1,851	$	7,049
	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	7,900	$	456	$	7,444
Customer relationships	1,000		145		855
Total acquisition-related intangible assets	$	8,900	$	601	$	8,299

The weighted average remaining useful life of developed technology was 4.5 years as of March 31, 2023. Amortization expense related to acquisition-related intangibles was $1.3 million for the three months ended March 31, 2023.

As of March 31, 2023, estimated future amortization expense for acquisition-related intangible assets was as follows (in thousands):

Remainder of 2023	$	1,185
2024	1,580
2025	1,580
2026	1,580
2027	1,124
Total estimated future amortization expense for acquisition-related intangible assets	$	7,049