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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Goodwill represents the excess of purchase price and related costs over the value assigned to net tangible and identifiable intangible assets acquired in business combinations. The following table presents the changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 (in thousands):
Balance as of December 31, 2020 | $ | 286,251 |
Goodwill acquired | 1,334,074 |
Measurement period adjustment | (198) |
Balance as of December 31, 2021 | 1,620,127 |
Goodwill acquired | 1,579,936 |
Measurement period adjustment | 892 |
Balance as of December 31, 2022 | $ | 3,200,955 |
Intangible Assets, Net The following tables present details of our intangible assets, excluding goodwill (in thousands, except for weighted-average useful life):
| As of December 31, 2022
| Weighted-Average Useful Life (1) (In Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology | 7.3 |  | $ | 1,239,431 |  |  | $ | (137,782) |  |  | $ | 1,101,649 |
Customer relationships | 3.9 |  | 621,326 |  |  | (53,243) |  |  | 568,083 |
Trademark | 4.5 |  | 110,567 |  |  | (17,273) |  |  | 93,294 |
Contractual relationship | 8.0 |  | 200,000 |  |  | (40,792) |  |  | 159,208 |
Total intangible assets |  |  | $ | 2,171,324 |  |  | $ | (249,090) |  |  | $ | 1,922,234 |
| As of December 31, 2021
| Weighted-Average Useful Life (1) (In Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology | 8.8 |  | $ | 580,204 |  |  | $ | (52,811) |  |  | $ | 527,393 |
Customer relationships | 2.9 |  | 50,171 |  |  | (16,980) |  |  | 33,191 |
Trademark | 5.7 |  | 60,557 |  |  | (3,937) |  |  | 56,620 |
Contractual relationship | 8.0 |  | 200,000 |  |  | (2,818) |  |  | 197,182 |
Total intangible assets |  |  | $ | 890,932 |  |  | $ | (76,546) |  |  | $ | 814,386 |
(1) Based on weighted-average useful life established as of the acquisition date. The following table presents the amortization of finite-lived intangible assets included on our consolidated statements of operations (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Amortization expense | $ | 172,551 |  |  | $ | 33,483 |  |  | $ | 17,755 |
As of December 31, 2022, the estimated future amortization of finite-lived intangible assets for each of the next five years and thereafter was as follows (in thousands):
2023 | $ | 394,582 |
2024 | 404,639 |
2025 | 360,835 |
2026 | 307,580 |
2027 | 454,598 |
Thereafter | — |
Total | $ | 1,922,234 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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