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Intangible Assets, net | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net | Intangible Assets, net Intangible assets, net, consisted of the following (in thousands):
|  | As of December 31, 2023
|  | Remaining Weighted average useful life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | 3.8 |  | $ | 12,088 |  | $ | 5,314 |  | $ | 6,774
Developed technology |  | 2.2 |  | 14,281 |  | 7,412 |  | 6,869
Trade names |  | 1.0 |  | 358 |  | 339 |  | 19
Assembled workforce |  | 1.8 |  | $ | 125 |  | $ | 52 |  | 73
Total intangible assets |  |  |  | $ | 26,852 |  | $ | 13,117 |  | $ | 13,735
|  | As of December 31, 2022
|  | Remaining Weighted average useful life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | 4.8 |  | $ | 17,841 |  | $ | 9,300 |  | $ | 8,541
Developed technology |  | 3.2 |  | 16,813 |  | 6,689 |  | 10,124
Trade names |  | 1.3 |  | 503 |  | 383 |  | 120
Assembled workforce |  | 2.8 |  | 125 |  | 10 |  | 115
Total intangible assets |  |  |  | $ | 35,282 |  | $ | 16,382 |  | $ | 18,900
As discussed in Note 5, we acquired Revv in October 2022, UA Services in August 2022 and Earth Class Mail in November 2021. In 2023, 2022 and 2021, we recorded amortization expense of $5.2 million, $3.5 million and $1.0 million, respectively. At December 31, 2023, estimated future intangible assets amortization expense was as follows (in thousands):
For Years Ending December 31, |
2024 | $ | 5,082
2025 | 4,510
2026 | 2,670
2027 | 1,473
Total future amortization expense | $ | 13,735

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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