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Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2021
Acquisitions Intangible Assets And Goodwill [Abstract]  
Schedule of Intangible Assets, net

As of September 30, 2021 and December 31, 2020, intangible assets, net consisted of the following:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

(in thousands)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Customer relationships

 

$

23,672

 

$

(15,287

)

$

8,385

 

 

$

23,804

 

$

(12,448

)

$

11,356

 

Trade name

 

 

2,752

 

 

(1,601

)

 

1,151

 

 

 

2,824

 

 

(1,285

)

 

1,539

 

Developed technology

 

 

20,216

 

 

(16,510

)

 

3,706

 

 

 

20,881

 

 

(12,569

)

 

8,312

 

Acquisition intangible assets, net

 

$

46,640

 

$

(33,398

)

$

13,242

 

 

$

47,509

 

$

(26,302

)

$

21,207

 

 

As of September 30, 2021 and December 31, 2020, capitalized internal-use software consisted of the following:

 

(in thousands)

 

September 30, 2021

 

December 31, 2020

 

Gross capitalized internal-use software

 

$

58,877

 

$

50,833

 

Less: Accumulated amortization

 

 

(30,308

)

 

(21,371

)

Capitalized internal-use software, net

 

$

28,569

 

$

29,462

 

 

Schedule of Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):

 

Balance as of December 31, 2020

$

468,764

 

Foreign currency translation

 

(3,688

)

Balance as of September 30, 2021

$

465,076

 

 

Summary of Future Amortization Expense

As of September 30, 2021, future amortization expense by year is expected to be as follows:

 

(in thousands)

 

Capitalized
internal-use
software, net

 

 

Acquisition
intangible
assets, net

 

Remainder of 2021

 

$

2,960

 

 

$

2,433

 

2022

 

 

8,560

 

 

 

5,040

 

2023

 

 

3,180

 

 

 

1,914

 

2024

 

 

649

 

 

 

1,666

 

2025

 

 

 

 

 

1,389

 

Thereafter

 

 

 

 

 

800

 

Total amortization expense

 

$

15,349

 

 

$

13,242