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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of goodwill for the six months ended June 30, 2022 are as follows:
Six months ended June 30, 2022
(in thousands)
Balance as of December 31, 2021$636,805 
Goodwill acquired from business combinations33,419 
Foreign currency translation and other adjustments(38)
Balance as of June 30, 2022
$670,186 
The Company did not record an impairment charge on goodwill during either of the three and six months ended June 30, 2022 or 2021.
As of June 30, 2022 and December 31, 2021, the Company's intangible assets consisted of the following:
As of June 30, 2022As of December 31, 2021
Gross carrying valueAccumulated amortizationNet carrying valueGross carrying valueAccumulated amortizationNet carrying value
(in thousands)
Intangible assets:
Customer relationships$69,860 $(15,116)$54,744 $69,100 $(10,797)$58,303 
Developed technology50,130 (17,325)32,805 49,500 (12,375)37,125 
Trade names3,910 (1,925)1,985 3,300 (1,375)1,925 
Internet protocol addresses4,984 (1,222)3,762 4,984 (973)4,011 
Backlog2,200 (1,925)275 2,200 (1,375)825 
In-process research and development ("IPR&D")368 — 368 368 — 368 
Domain name
39 — 39 39 — 39 
Total intangible assets$131,491 $(37,513)$93,978 $129,491 $(26,895)$102,596 
The Company's customer relationships, developed technology, trade names, internet protocol addresses, backlog and domain name intangible assets are subject to amortization. IPR&D and domain name intangible assets are indefinite-lived that is not subject to amortization. Amortization expense was $5.3 million and $5.3 million for the three months ended June 30, 2022 and 2021, respectively. Amortization expense was $10.6 million for both the six months ended June 30, 2022 and 2021.
During the three and six months ended June 30, 2022, we added $2.0 million of intangible assets from the acquisition of Glitch, which are subject to amortization. The Company purchased $2.1 million of intangible assets for the three and six months ended June 30, 2021. The Company did not record any impairment charges on its intangible assets during both the three and six months ended June 30, 2022 and 2021.
The expected amortization expense of intangible assets subject to amortization as of June 30, 2022 is as follows:
As of June 30, 2022
(in thousands)
Remainder of 2022$10,694 
202320,437 
202419,603 
202516,977 
20269,193 
Thereafter16,706 
Total$93,610