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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 6. Goodwill and Intangible Assets

Goodwill

The following table presents details of our goodwill during the year ended December 31, 2022 (in thousands):

 

 

 

Amount

 

Balance as of December 31, 2021

 

$

 

Goodwill acquired

 

 

42,450

 

Foreign currency translation adjustments

 

 

1,341

 

Balance as of December 31, 2022

 

$

43,791

 

 

Purchased Intangible Assets

The following table presents details of our purchased intangible assets (in thousands):

 

 

 

December 31, 2022

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted Average Remaining Useful Life (In Years)

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

25,086

 

 

$

(255

)

 

$

24,831

 

 

 

6.9

 

Customer relationships

 

 

4,395

 

 

 

(29

)

 

 

4,366

 

 

 

12.9

 

Trade name / Trademarks

 

 

322

 

 

 

(63

)

 

 

259

 

 

 

1.9

 

Total intangible assets

 

$

29,803

 

 

$

(347

)

 

$

29,456

 

 

 

 

 

We recognized amortization expense of $0.4 million for the year ended December 31, 2022.

The following table summarizes estimated future amortization expense of our intangible assets subject to amortization as of December 31, 2022 (in thousands):

 

 

 

Fiscal Years

 

 

 

Total

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027 and Thereafter

 

Total future amortization expense

 

$

29,456

 

 

$

4,076

 

 

$

4,069

 

 

$

3,922

 

 

$

3,922

 

 

$

13,467