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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets Goodwill The changes in the carrying value of goodwill were as follows:
Balance at December 31, 2020 |  | $ | 29,129 |
CarOffer acquisition (1) |  |  | 127,500 |
Foreign currency translation adjustment |  |  | (922 | )
Balance at September 30, 2021 |  | $ | 155,707 |
(1) See Note 4 of the Unaudited Condensed Consolidated Financial Statements included elsewhere in this Quarterly Report. The Company tests goodwill for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. As of September 30, 2021, there have been no events or changes in circumstance that indicate that the carrying value may not be recoverable. As of December 31, 2020, the Company assessed its goodwill for impairment and concluded that there was no impairment. Other Intangible Assets Intangible assets as of September 30, 2021 and December 31, 2020 consist of the following:
|  | At September 30, 2021 |
|  | Weighted Average Remaining Useful Life (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Brand |  |  | 9.6 |  |  | $ | 32,338 |  |  | $ | 3,444 |  |  | $ | 28,894 |
Customer relationships |  |  | 2.2 |  |  |  | 19,871 |  |  |  | 5,660 |  |  |  | 14,211 |
Developed technology |  |  | 2.3 |  |  |  | 65,212 |  |  |  | 15,896 |  |  |  | 49,316 |
Total |  |  |  |  | $ | 117,421 |  |  | $ | 25,000 |  |  | $ | 92,421 |
|  | At December 31, 2020 |
|  | Weighted Average Remaining Useful Life (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Brand |  |  | 8.4 |  |  | $ | 9,405 |  |  | $ | 1,235 |  |  | $ | 8,170 |
Customer relationships |  |  | 1.6 |  |  |  | 1,886 |  |  |  | 938 |  |  |  | 948 |
Developed technology |  |  | 1.0 |  |  |  | 2,213 |  |  |  | 469 |  |  |  | 1,744 |
Total |  |  |  |  | $ | 13,504 |  |  | $ | 2,642 |  |  | $ | 10,862 |
The Company recorded amortization expense related to intangible assets of $7,854, $495, $22,358, and $1,412 for the three months ended September 30, 2021 and 2020 and the nine months ended September 30, 2021 and 2020, respectively. The Company evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. As of September 30, 2021, there have been no events or changes in circumstances that could impact the recoverability of these assets. As of December 31, 2020, the Company assessed its intangible assets for impairment and concluded that there was no impairment. Estimated amortization expense of intangible assets for future periods as of September 30, 2021 is as follows:
Year Ending December 31, |  | Amortization Expense |
Remainder of 2021 |  | $ | 7,874 |
2022 |  |  | 31,078 |
2023 |  |  | 30,350 |
2024 |  |  | 4,144 |
2025 |  |  | 3,052 |
2026 |  |  | 3,052 |
Thereafter |  |  | 12,871 |
Total |  | $ | 92,421 |

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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