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Goodwill and Acquired Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2022
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET  
Schedule of acquired intangible assets and goodwill activity
A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2022 is presented below:
(in thousands)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2021
 
$
97,793
 
$
641,605
 
$
739,398
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
122,455
 
212,183
 
334,638
Amortization
 
(20,164
)
 
 
(20,164
)
Foreign currency exchange rate changes
 
(19,827
)
 
(89,008
)
 
(108,835
)
Balance as of September 30, 2022
 
$
180,257
 
$
764,780
 
$
945,037