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Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
The activity in goodwill was as follows:
Three Months Ended
March 31,
(in thousands)2023
Balance, beginning of period$197,284 
Foreign currency translation(71)
Remeasurement from provisional purchase accounting amount1,788 
Balance, end of period$199,001 
Intangible Assets
Intangible assets, net consisted of the following:
March 31, 2023
($ in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Foreign
Currency
Translation
NetWeighted Average Remaining Amortization Period
Subscriber relationships$79,385 $(24,205)$29 $55,209 6.6 years
Acquired technology40,612 (11,292)29,327 5.5 years
$119,997 $(35,497)$36 $84,536 6.2 years
December 31, 2022
($ in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Foreign
Currency
Translation
NetWeighted Average Remaining Amortization Period
Subscriber relationships$80,101 $(22,255)$(171)$57,675 6.8 years
Acquired technology40,610 (9,934)30,677 5.7 years
$120,711 $(32,189)$(170)$88,352 6.4 years
The estimated future annual amortization expense related to intangible assets is as follows:
(in thousands) 
Remainder of 2023$11,450 
202414,102 
202513,964 
202612,960 
202712,497 
Thereafter19,563 
Total future amortization$84,536