Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

The changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):

Balance as of December 31, 2020	$	182,687
Additions	—
Foreign currency translation and other adjustments	(3)
Transaction with Woven Planet	(2,168)
Balance as of December 31, 2021	$	180,516
Additions	81,108
Foreign currency translation and other adjustments	(42)
Balance as of December 31, 2022	$	261,582

Intangible assets, net consisted of the following as of the dates indicated (in thousands):

	December 31, 2022
	Weighted-average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology and patents	2.3	$	41,262	$	20,424	$	20,838
Contractual relationship – cities and user relationships	8.2	100,429		45,059		55,370
Total intangible assets		$	141,691	$	65,483	$	76,208

	December 31, 2021
	Weighted-average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology and patents	2.9	$	22,151	$	12,643	$	9,508
Contractual relationship – cities and user relationships	7.9	79,800		38,543		41,257
Total intangible assets		$	101,951	$	51,186	$	50,765

Amortization expense was $18.4 million, $18.1 million and $29.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.

As of December 31, 2022, future amortization of intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands).

Year ended December 31:
2023	$	18,255
2024	17,308
2025	8,407
2026	8,184
2027	8,184
Thereafter	15,870
Total remaining amortization	$	76,208