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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Intangible Assets The table below summarizes the Company’s intangible assets at March 31, 2023 and December 31, 2022 (in thousands):
| Useful Life (Years) |  | Weighted Average Remaining Life (Years) |  | March 31, 2023
|  | Intangible Assets |  | Accumulated Amortization |  | Net Balance
Customer relationships | 2 |  | 0.7 |  | $ | 32,597 |  |  | $ | (29,624) |  |  | $ | 2,973 |
Trade names | 2 - 9 |  | 5.9 |  | 38,849 |  |  | (13,167) |  |  | 25,682 |
Software and technology | 3 - 9 |  | 5.7 |  | 204,188 |  |  | (65,438) |  |  | 138,750 |
Total |  |  |  |  | $ | 275,634 |  |  | $ | (108,229) |  |  | $ | 167,405 |
| 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 |
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $8.4 million and $11.1 million for the three months ended March 31, 2023 and 2022, respectively. The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):
Year ended December 31, | Future Amortization
2023 | $ | 31,222 |
2024 | 28,819 |
2025 | 27,001 |
2026 | 24,969 |
2027 | 24,651 |
Thereafter | 30,743 |
Total | $ | 167,405 |
Goodwill The following table is a summary of the changes to goodwill for the three months ended March 31, 2023 (in thousands):
Balance - December 31, 2022 | $ | 618,506 |  |
Foreign currency translation adjustment | 2,392 |  |
Balance - March 31, 2023 | $ | 620,898 |  |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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