Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of December 31, 2021 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Estimated Useful Life (Years)
Trademarks	$	10,048	$	(3,442	)	$	6,606	15
Non-compete agreement		809		(139	)		670	3
Customer relationships		18,625		(4,391	)		14,234	5-10
Developed technology		70,900		(45,051	)		25,849	8
Patents		2,050		(295	)		1,755	3-19
Capitalized software		9,867		(2,971	)		6,896	3-5
Total intangible assets	$	112,299	$	(56,289	)	$	56,010

The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of December 31, 2020 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Estimated Useful Life (Years)
Trademarks	$	9,480	$	(2,765	)	$	6,715		15
Customer relationships		6,003		(2,263	)		3,740		5-10
Developed technology		70,900		(36,189	)		34,711		8
Patents		1,423		(158	)		1,265		4-19
Capitalized software		6,172		(1,668	)		4,504		3-5
Total intangible assets	$	93,978	$	(43,043	)	$	50,935

Schedule of intangible assets amortization expense

Amortization expense for the years ended December 31, 2021, 2020 and 2019 was $13.3 million, $11.8 million and $12.4 million, respectively.

	Year Ended December 31,
(in thousands)	2021		2020		2019
Cost of sales	$	9,000	$	9,465	$	10,678
Selling and marketing		1,820		—		—
General and administrative		2,477		2,384		1,685
Total amortization expense	$	13,297	$	11,849	$	12,363

Schedule of goodwill

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

	Year Ended December 31,
(in thousands)	2021			2020		2019
Beginning balance	$	98,531		$	98,520	$	98,147
Business acquisitions		26,600			—		347
Foreign currency translation impact		(1,437	)		11		26
Ending balance	$	123,694		$	98,531	$	98,520