Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets

Goodwill and intangible assets consisted of:


	As of
		March 31, 2022						December 31, 2021
(in thousands)	Useful life (months)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships	120	$	25,040	$	(13,362)	$	11,678	$	25,040	$	(12,730)	$	12,310
Non-compete agreements	60	303		(277)		26		303		(268)		35
Domain names	60	1,224		(1,044)		180		1,224		(1,002)		222
Intangible assets		$	26,567	$	(14,683)	$	11,884	$	26,567	$	(14,000)	$	12,567
Goodwill	Indefinite	$	18,402	$	—	$	18,402	$	18,402	$	—	$	18,402

Amortization expense related to intangible assets amounted to $0.7 million for the three months ended March 31, 2022 and 2021. The Company has no accumulated impairment of goodwill.

The following table presents the changes in goodwill and intangible assets:


	As of
	March 31, 2022				December 31, 2021
(in thousands)	Goodwill		Intangible assets		Goodwill		Intangible assets
Beginning balance	$	18,402	$	12,567	$	18,402	$	15,551

Amortization	—		(683)		—		(2,984)
Ending balance	$	18,402	$	11,884	$	18,402	$	12,567

As of March 31, 2022, future amortization expense relating to identifiable intangible assets with estimable useful lives over the next five years was as follows:


(in thousands)	Amortization expense
2022–Remaining Period	$	2,048
2023	2,388
2024	2,211
2025	2,028
2026	1,880
Thereafter	1,329
	$	11,884