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Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

5. Goodwill and Intangible Assets

The following is a summary of changes to the goodwill carrying value from December 31, 2020 through December 31, 2021:


(in thousands)
Goodwill as of December 31, 2020	$	227,349
Business combinations (Meetrics and OpenSlate)		124,179
Foreign exchange impact and other		(968)
Goodwill as of December 31, 2021	$	350,560

There were no changes to the goodwill carrying value from December 31, 2019 through December 31, 2020.

The following table summarizes the Company’s intangible assets and related accumulated amortization:


	December 31, 2021						December 31, 2020
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)	Amount		Amortization		Amount		Amount		Amortization		Amount
Trademarks and brands	$	11,735	$	(3,422)	$	8,313	$	11,690	$	(2,562)	$	9,128
Customer relationships		143,728		(36,831)		106,897		102,220		(27,720)		74,500
Developed technology		72,065		(33,937)		38,128		63,210		(25,128)		38,082
Non-compete agreements		68		(11)		57		—		—		—
Total intangible assets	$	227,596	$	(74,201)	$	153,395	$	177,120	$	(55,410)	$	121,710

Amortization expense related to intangible assets amounted to $18.8 million, $17.9 million, and $17.1 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Estimated future expected amortization expense of intangible assets as of December 31, 2021, is as follows:


(in thousands)
2022	$	24,091
2023		24,014
2024		22,371
2025		20,079
2026		13,731
Thereafter		49,109
Total	$	153,395

The weighted-average remaining useful life by major asset classes as of December 31, 2021 is as follows:


		(In years)
Trademarks and brands		10
Customer relationships		9
Developed technology		4
Non-compete agreements		2

There were no impairments identified during the years ended December 31, 2021, 2020 and 2019.