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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | The table below summarizes the Company’s intangible assets at December 31, 2022 and 2021 (in thousands):
| Useful Lives (Years) |  | Weighted Average Remaining Life (Years) |  | December 31, 2022
|  |  | Intangible Assets |  |  |  | Accumulated Amortization |  | Net Balance
Customer relationships | 2 |  | 1.2 |  | $ | 32,433 |  |  |  |  | $ | (28,421) |  |  | $ | 4,012 |
Trade names | 2-9 |  | 6.2 |  | 38,837 |  |  |  |  | (12,018) |  |  | 26,819 |
Software and technology | 3-9 |  | 5.8 |  | 200,222 |  |  |  |  | (59,221) |  |  | 141,001 |
Total |  |  |  |  | $ | 271,492 |  |  |  |  | $ | (99,660) |  |  | $ | 171,832 |
| Useful Lives (Years) |  | Weighted Average Remaining Life (Years) |  | December 31, 2021
|  |  | Intangible Assets |  | Accumulated Amortization |  | Net Balance
Customer relationships | 2 |  | 2.2 |  | $ | 32,965 |  |  | $ | (21,105) |  |  | $ | 11,860 |
Tradenames | 2-9 |  | 7.2 |  | 38,876 |  |  | (7,455) |  |  | 31,421 |
Software and technology | 3-9 |  | 8.7 |  | 195,852 |  |  | (35,572) |  |  | 160,280 |
Total |  |  |  |  | $ | 267,693 |  |  | $ | (64,132) |  |  | $ | 203,561 |
Finite-lived Intangible Assets Amortization Expense | The estimated future amortization expense associated with intangible assets is as follows (in thousands):
| Future Amortization
2023 | 35,775 |
2024 | 30,283 |
2025 | 25,729 |
2026 | 24,651 |
2027 | 24,651 |
Thereafter | 30,743 |
Total | $ | 171,832 |
Schedule of Goodwill | The following table is a summary of the changes to goodwill for the years ended December 31, 2022 and 2021 (in thousands):
| December 31,
| 2022 |  | 2021
Beginning balance | $ | 619,587 |  |  | $ | 478,406 |
Molotov acquisition | (497) |  |  | 128,468 |
Edisn acquisition | — |  |  | 12,501 |
Foreign currency translation | (584) |  |  | 212 |
Ending balance | $ | 618,506 |  |  | $ | 619,587 |
Fair Value Measurement Inputs and Valuation Techniques | Significant inputs into the valuation models included the control premium, discount rate, and revenue market multiples as follows:
| December 31, 2022
Control premium | 35%
Discount rate | 31%
Revenue multiples | 0.34x - 0.52x
The Company used a Black-Scholes model to estimate the fair value of the warrant liabilities at December 31, 2021 using the following inputs:
|  |  | December 31, 2021
Fair value of underlying common shares |  |  | $ | 15.52 |
Exercise price |  |  | $ | 9.25 |
Expected dividend yield |  |  | — | %
Expected volatility |  |  | 50.9% - 52.8%
Weighted average expected volatility |  |  | 52.7 | %
Risk free interest rate |  |  | 0.06% - 0.06%
Weighted average risk-free interest rate |  |  | 0.06 | %
Expected term (years) |  |  | 0.14 - 0.15
Weighted average expected term (years) |  |  | 0.14

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