Acquisitions, Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

Cash consideration, net of cash acquired, was preliminarily allocated as follows:

(in thousands)	Bit Discovery		Cymptom
Intangible assets	$	11,100	$	4,113
Goodwill	36,213		18,960
Deferred tax (liabilities) assets, net	(2,501)		128
Other liabilities, net	(779)		(241)
Total purchase price	$	44,033	$	22,960

Schedule of acquired finite-lived intangible assets by major class

Acquired intangible assets and their estimated useful lives at the date of acquisition are as follows:

	Bit Discovery			Cymptom
	Intangible Assets			Intangible Assets
(dollars in thousands)	Cost		Estimated Useful Life	Cost		Estimated Useful Life
Acquired technology	$	11,000	7 years	$	4,113	7 years
Trade name	100		1 year	—
Acquired intangible assets	$	11,100		$	4,113

Schedule of goodwill

The changes in the carrying amount of goodwill are as follows:

(in thousands)
Balance at December 31, 2021	$	261,614
Acquired goodwill	55,173
Balance at September 30, 2022	$	316,787

Schedule of finite-lived intangible assets

Acquired intangible assets subject to amortization are as follows:

	September 30, 2022						December 31, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	$	97,037	$	(18,694)	$	78,343	$	81,924	$	(10,499)	$	71,425
Trade name	490		(377)		113		390		(279)		111
	$	97,527	$	(19,071)	$	78,456	$	82,314	$	(10,778)	$	71,536

Schedule of finite-lived intangible assets, future amortization expense

At September 30, 2022, estimated future amortization of acquired intangible assets is as follows:

(in thousands)
Year ending December 31,
2022(1)	$	3,080
2023	12,252
2024	12,175
2025	12,175
2026	11,990
Thereafter	26,784
Total	$	78,456

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(1)    Represents the three months ending December 31, 2022.