Intangible Assets, net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

Capitalized Software Costs, net

Capitalized software costs, net consisted of the following:

	March 31, 2023		December 31, 2022
Website and internal-use software	$	79,845	$	75,871
Less: Accumulated amortization	(59,497)		(56,612)
Net Carrying Value	$	20,348	$	19,259

The Company capitalized $4.0 million and $3.6 million for the three months ended March 31, 2023 and 2022, respectively, included in Capitalized software costs. The Company amortized $2.9 million and $2.2 million for the three months ended March 31, 2023 and 2022, respectively, included in Depreciation and amortization expense.

Intangible Assets, net

The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives:

	March 31, 2023							December 31, 2022
	Weighted- Average Remaining Useful Lives (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Lives (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Acquired Technology	1	$	10,600	$	6,163	$	4,437	2	$	10,600	$	5,279	$	5,321
Trademarks and Trade Names	14	111,000		10,606		100,394		14	111,000		8,756		102,244
Trademarks and Trade Names	Indefinite	1,368		—		1,368		Indefinite	1,368		—		1,368
Customer Relationships	3	17,000		5,667		11,333		3	17,000		4,604		12,396
Total		$	139,968	$	22,436	$	117,532		$	139,968	$	18,639	$	121,329

With respect to intangible assets, the Company amortized $3.8 million and $3.8 million for the three months ended March 31, 2023 and 2022, respectively, included in Depreciation and amortization expense.

Estimated future amortization expense as of March 31, 2023 is as follows (in thousands):

Remainder of 2023	$	11,388
2024	13,438
2025	11,296
2026	7,400
2027	7,400
Thereafter	65,242
Total	$	116,164