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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2023
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 three months ended March 31, 2023.
The following table summarizes the changes in the carrying value of the Company’s goodwill balance during the three months ended March 31, 2023 (in thousands):
 Goodwill
Balance as of December 31, 2022$381,920 
Foreign currency translation adjustment720 
Balance as of March 31, 2023$382,640 

Intangible Assets
Intangible assets, all of which are subject to amortization, consisted of the following as of March 31, 2023 and December 31, 2022 (in thousands):
 As of March 31, 2023As of December 31, 2022
 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$89,704 $(21,231)$68,473 12$88,996 $(19,168)$69,828 
Trade name16,767 (7,604)9,163 916,588 (7,209)9,379 
Developed technology95,667 (41,575)54,092 494,872 (35,288)59,584 
Contributor content57,938 (21,966)35,972 854,284 (20,098)34,186 
Patents259 (152)107 18259 (149)110 
Total$260,335 $(92,528)$167,807  $254,999 $(81,912)$173,087 
Amortization expense was $9.8 million and $7.1 million for the three months ended March 31, 2023 and 2022, respectively. Of these amounts, $9.2 million and $6.5 million are included in cost of revenue for the three months ended March 31, 2023 and 2022, respectively, and $0.6 million are included in general and administrative expense for the three months ended March 31, 2023 and 2022.
The Company determined that there was no indication of impairment of the intangible assets for any period presented. Estimated amortization expense is: $29.6 million for the remaining nine months of 2023, $32.7 million in 2024, $22.3 million in 2025, $19.8 million in 2026, $13.5 million in 2027, $10.9 million in 2028 and $39.0 million thereafter.