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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are as follows:
|  | Nine months ended September 30, 2022
|  | (in thousands)
Balance as of December 31, 2021 |  | $ | 636,805 |
Goodwill acquired from business combinations |  | 33,419 |
Foreign currency translation and other adjustments |  | (66) |
Balance as of September 30, 2022 |  | $ | 670,158 |
The Company did not record an impairment charge on goodwill during either of the three and nine months ended September 30, 2022 or 2021. As of September 30, 2022 and December 31, 2021, the Company's intangible assets consisted of the following:
|  | As of September 30, 2022 |  | As of December 31, 2021
|  | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  | Gross carrying value |  | Accumulated amortization |  | Net carrying value
|  | (in thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 69,860 |  |  | $ | (17,359) |  |  | $ | 52,501 |  |  | $ | 69,100 |  |  | $ | (10,797) |  |  | $ | 58,303 |
Developed technology |  | 50,130 |  |  | (19,853) |  |  | 30,277 |  |  | 49,500 |  |  | (12,375) |  |  | 37,125 |
Trade names |  | 3,910 |  |  | (2,251) |  |  | 1,659 |  |  | 3,300 |  |  | (1,375) |  |  | 1,925 |
Internet protocol addresses |  | 4,984 |  |  | (1,346) |  |  | 3,638 |  |  | 4,984 |  |  | (973) |  |  | 4,011 |
Backlog |  | 2,200 |  |  | (2,200) |  |  | — |  |  | 2,200 |  |  | (1,375) |  |  | 825 |
In-process research and development ("IPR&D") |  | 368 |  |  | — |  |  | 368 |  |  | 368 |  |  | — |  |  | 368 |
Domain name |  | 39 |  |  | — |  |  | 39 |  |  | 39 |  |  | — |  |  | 39 |
Total intangible assets |  | $ | 131,491 |  |  | $ | (43,009) |  |  | $ | 88,482 |  |  | $ | 129,491 |  |  | $ | (26,895) |  |  | $ | 102,596 |
The Company's customer relationships, developed technology, trade names, internet protocol addresses, backlog and domain name intangible assets are subject to amortization. IPR&D is indefinite-lived that is not subject to amortization. Amortization expense was $5.5 million and $5.3 million for the three months ended September 30, 2022 and 2021, respectively. Amortization expense was $16.1 million and $15.9 million for the nine months ended September 30, 2022 and 2021, respectively. Other than the acquired intangible assets described in Note 5 - Business Combinations, the Company did not purchase any intangible assets during the three and nine months ended September 30, 2022. The Company did not record any impairment charges on its intangible assets during both the three and nine months ended September 30, 2022 and 2021. The expected amortization expense of intangible assets subject to amortization as of September 30, 2022 is as follows:
| As of September 30, 2022
| (in thousands)
Remainder of 2022 | $ | 5,198 |
2023 | 20,437 |
2024 | 19,603 |
2025 | 16,977 |
2026 | 9,193 |
Thereafter | 16,706 |
Total | $ | 88,114 |

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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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