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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

7.

Goodwill and Intangible Assets

There have been no changes in the carrying amount of goodwill since its recognition in 2015.

Intangible assets subject to amortization as of June 30, 2022 and December 31, 2021 consisted of the following (in thousands):

 

 

 

June 30, 2022

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Acquired developed technology

 

$

20,000

 

 

$

(12,464

)

 

$

7,536

 

Purchased intellectual property

 

 

325

 

 

 

(177

)

 

 

148

 

Balance at June 30, 2022

 

$

20,325

 

 

$

(12,641

)

 

$

7,684

 

 

 

 

December 31, 2021

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Acquired developed technology

 

$

20,000

 

 

$

(11,638

)

 

$

8,362

 

Purchased intellectual property

 

 

325

 

 

 

(161

)

 

 

164

 

Balance at December 31, 2021

 

$

20,325

 

 

$

(11,799

)

 

$

8,526

 

 

The developed technology was acquired in connection with our acquisition of Sequenta, Inc. in 2015. The remaining balance of the acquired developed technology and the purchased intellectual property is expected to be amortized over the next 4.5 years.

 

As of June 30, 2022, expected future amortization expense for intangible assets was as follows (in thousands):

 

 

2022 (excluding the six months ended June 30, 2022)

 

$

857

 

2023

 

 

1,699

 

2024

 

 

1,703

 

2025

 

 

1,699

 

2026

 

 

1,699

 

Thereafter

 

 

27

 

Total future amortization expense

 

$

7,684