Goodwill and Intangible Assets, Net (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Schedule of Indefinite-Lived Intangible Assets |
The components of intangible assets and accumulated amortization are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2023 | | Weighted Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Goodwill: | | | | | | | | Goodwill from acquisitions | | | $ | 120,948 | | | $ | — | | | $ | 120,948 | | Finite-lived intangible assets: | | | | | | | | Developed technology | 1.1 years | | $ | 13,200 | | | $ | (10,124) | | | $ | 3,076 | | Customer relationships | 5.6 years | | 7,507 | | | (3,434) | | | 4,073 | | Launched in-process research and development assets | 3.0 years | | 960 | | | (384) | | | 576 | | Total finite-lived intangible assets | | | $ | 21,667 | | | $ | (13,942) | | | $ | 7,725 | | Indefinite-lived intangible assets: | | | | | | | | Trade name - website domain | Indefinite | | 2,224 | | | — | | | 2,224 | | Total infinite-lived intangible assets | | | 2,224 | | | — | | | 2,224 | | Total intangible assets | | | 23,891 | | | (13,942) | | | 9,949 | | Total goodwill and intangible assets | | | $ | 144,839 | | | $ | (13,942) | | | $ | 130,897 | |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | Weighted Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Goodwill: | | | | | | | | Goodwill from acquisitions | | | $ | 120,948 | | | $ | — | | | $ | 120,948 | | Finite-lived intangible assets: | | | | | | | | Developed technology | 1.8 years | | $ | 13,200 | | | $ | (8,035) | | | $ | 5,165 | | Customer relationships | 6.1 years | | 7,507 | | | (2,677) | | | 4,830 | | Launched in-process research and development assets | 3.7 years | | 960 | | | (240) | | | 720 | | Total finite-lived intangible assets | | | $ | 21,667 | | | $ | (10,952) | | | $ | 10,715 | | Indefinite-lived intangible assets: | | | | | | | | Trade name - website domain | Indefinite | | 2,224 | | | — | | | 2,224 | | Total infinite-lived intangible assets | | | 2,224 | | | — | | | 2,224 | | Total intangible assets | | | 23,891 | | | (10,952) | | | 12,939 | | Total goodwill and intangible assets | | | $ | 144,839 | | | $ | (10,952) | | | $ | 133,887 | |
|
Schedule of Finite-Lived Intangible Assets |
The components of intangible assets and accumulated amortization are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2023 | | Weighted Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Goodwill: | | | | | | | | Goodwill from acquisitions | | | $ | 120,948 | | | $ | — | | | $ | 120,948 | | Finite-lived intangible assets: | | | | | | | | Developed technology | 1.1 years | | $ | 13,200 | | | $ | (10,124) | | | $ | 3,076 | | Customer relationships | 5.6 years | | 7,507 | | | (3,434) | | | 4,073 | | Launched in-process research and development assets | 3.0 years | | 960 | | | (384) | | | 576 | | Total finite-lived intangible assets | | | $ | 21,667 | | | $ | (13,942) | | | $ | 7,725 | | Indefinite-lived intangible assets: | | | | | | | | Trade name - website domain | Indefinite | | 2,224 | | | — | | | 2,224 | | Total infinite-lived intangible assets | | | 2,224 | | | — | | | 2,224 | | Total intangible assets | | | 23,891 | | | (13,942) | | | 9,949 | | Total goodwill and intangible assets | | | $ | 144,839 | | | $ | (13,942) | | | $ | 130,897 | |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | Weighted Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Goodwill: | | | | | | | | Goodwill from acquisitions | | | $ | 120,948 | | | $ | — | | | $ | 120,948 | | Finite-lived intangible assets: | | | | | | | | Developed technology | 1.8 years | | $ | 13,200 | | | $ | (8,035) | | | $ | 5,165 | | Customer relationships | 6.1 years | | 7,507 | | | (2,677) | | | 4,830 | | Launched in-process research and development assets | 3.7 years | | 960 | | | (240) | | | 720 | | Total finite-lived intangible assets | | | $ | 21,667 | | | $ | (10,952) | | | $ | 10,715 | | Indefinite-lived intangible assets: | | | | | | | | Trade name - website domain | Indefinite | | 2,224 | | | — | | | 2,224 | | Total infinite-lived intangible assets | | | 2,224 | | | — | | | 2,224 | | Total intangible assets | | | 23,891 | | | (10,952) | | | 12,939 | | Total goodwill and intangible assets | | | $ | 144,839 | | | $ | (10,952) | | | $ | 133,887 | |
|
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The table below presents estimated future amortization expense for finite-lived intangible assets as of September 30, 2023 (in thousands): | | | | | | | Amount | Remainder of 2023 | $ | 978 | | 2024 | 3,462 | | 2025 | 802 | | 2026 | 754 | | 2027 | 610 | | Thereafter | 1,119 | | Total | $ | 7,725 | |
|