Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

A summary of changes in goodwill for the six months ended June 30, 2022 is as follows (in thousands):

	Goodwill
Balance at December 31, 2021	$	45,295
Acquisition of Eyechronic	21,861
Balance at June 30, 2022	$	67,156

Intangible assets consisted of the following as of June 30, 2022 and December 31, 2021 (in thousands):

	June 30, 2022
	Weighted Average Amortization Period (Years)	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Trade and domain names	14.4	$	7,634	$	(4,388)	$	3,246
Software technology	6.9	7,520		(3,852)		3,668
Customer relationships	11.2	4,783		(545)		4,238
Order backlog	1.0	199		(92)		107
Total intangible assets	10.7	$	20,136	$	(8,877)	$	11,259

	December 31, 2021
	Weighted Average Amortization Period (Years)	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Trade and domain names	14.3	$	7,532	$	(4,081)	$	3,451
Software technology	7.7	6,691		(3,222)		3,469
Customer relationships	3.4	1,580		(201)		1,379
Total intangible assets	10.4	$	15,803	$	(7,504)	$	8,299

Amortization expense for intangible assets was $0.8 million and $1.4 million during the three and six months ended June 30, 2022, respectively. Amortization expense for intangible assets was $0.2 million and $0.4 million for the three and six months ended June 30, 2021, respectively.

The estimated future amortization expense of intangible assets as of June 30, 2022 is as follows (in thousands):

Remaining period in 2022 (six months)	$	1,324
Year ended December 31, 2023	2,135
Year ended December 31, 2024	1,898
Year ended December 31, 2025	1,565
Year ended December 31, 2026	1,318
Thereafter	3,019
	$	11,259