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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of Finite-lived Intangible Assets | The Company’s finite-lived intangible assets are summarized as follows (in thousands):
|  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted-Average Remaining Useful Life (Years) |
Developed technology |  | $ | 157,130 |  |  | $ | (41,968 | ) |  | $ | 115,162 |  |  |  | 5.1 |
Customer relationships |  |  | 66,350 |  |  |  | (18,559 | ) |  |  | 47,791 |  |  |  | 4.9 |
Total |  | $ | 223,480 |  |  | $ | (60,527 | ) |  | $ | 162,953 |  |  |  | 5.1 |
|  | December 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted-Average Remaining Useful Life (Years) |
Developed technology |  | $ | 157,773 |  |  | $ | (16,013 | ) |  | $ | 141,760 |  |  |  | 6.0 |
Customer relationships |  |  | 66,350 |  |  |  | (6,133 | ) |  |  | 60,217 |  |  |  | 5.7 |
Total |  | $ | 224,123 |  |  | $ | (22,146 | ) |  | $ | 201,977 |  |  |  | 5.9 |
Summary of Intangible Assets Amortization Expense | Intangible assets amortization expense is summarized as follows (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cost of revenue |  | $ | 22,428 |  |  | $ | 7,522 |  |  | $ | 3,315 |
Sales and marketing |  |  | 12,425 |  |  |  | 3,600 |  |  |  | 1,728 |
Research and development |  |  | 3,528 |  |  |  | 2,674 |  |  |  | 721 |
Total amortization of acquired intangible assets |  | $ | 38,381 |  |  | $ | 13,796 |  |  | $ | 5,764 |
Estimated Future Amortization Expense Related to Finite-lived Intangible Assets | The following table outlines the estimated future amortization expense related to finite-lived intangible assets (in thousands):
Years Ending December 31, |  |  |  |
2023 |  | $ | 37,033 |
2024 |  |  | 36,816 |
2025 |  |  | 33,373 |
2026 |  |  | 18,692 |
2027 |  |  | 17,797 |
Thereafter |  |  | 19,242 |
Total |  | $ | 162,953 |
Summary of Changes in Carrying Amount of Goodwill | The following table presents the changes in carrying amount of goodwill (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Beginning balance |  | $ | 540,922 |  |  | $ | 125,966 |
Additions |  |  | - |  |  |  | 415,482 |
Other adjustments, net (1) |  |  | (1,794 | ) |  |  | (526 | )
Ending balance |  | $ | 539,128 |  |  | $ | 540,922 |
| (1) | Includes post-closing working capital adjustments and the effect of foreign currency translation

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