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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
Goodwill
The Company’s goodwill balance is attributable to its Content reporting unit and is tested for impairment annually on October 1 or upon a triggering event. No triggering events were identified during the six months ended June 30, 2022.
The following table summarizes the changes in the Company’s goodwill balance during the six months ended June 30, 2022 (in thousands):
 Goodwill
Balance as of December 31, 2021$219,816 
Goodwill related to acquisitions160,514 
Foreign currency translation adjustment(2,676)
Balance as of June 30, 2022$377,654 

Intangible Assets
Intangible assets consisted of the following as of June 30, 2022 and December 31, 2021 (in thousands):
 As of June 30, 2022As of December 31, 2021
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted
Average Life
(Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizing intangible assets:   
Customer relationships$95,508 $(15,556)$79,952 12$55,542 $(13,906)$41,636 
Trade name15,922 (6,659)9,263 911,787 (6,805)4,982 
Developed technology92,231 (23,327)68,904 467,940 (14,214)53,726 
Contributor content44,465 (16,843)27,622 837,984 (14,632)23,352 
Patents259 (140)119 18259 (133)126 
Total$248,385 $(62,525)$185,860  $173,512 $(49,690)$123,822 

Amortization expense was $8.2 million and $2.3 million for the three months ended June 30, 2022 and 2021, respectively, and $15.3 million and $4.4 million for the six months ended June 30, 2022 and 2021, respectively. Cost of revenue included amortization expense of $7.7 million and $1.2 million for the three months ended June 30, 2022 and 2021, respectively, and $14.2 million and $2.3 million for the six months ended June 30, 2022 and 2021, respectively. General and administrative expense included amortization expense of $0.6 million and $1.1 million for the three months ended June 30, 2022 and 2021, respectively, and $1.1 million and $2.0 million for the six months ended June 30, 2022 and 2021, respectively.
The Company determined that there was no indication of impairment of the intangible assets for any period presented. Estimated amortization expense is: $19.0 million for the remaining six months of 2022, $37.7 million in 2023, $30.8 million in 2024, $20.6 million in 2025, $18.6 million in 2026, $13.1 million in 2027 and $46.1 million thereafter.