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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 6. Goodwill and intangible assets Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized but tested for impairment on an annual basis. There was no impairment of goodwill as of June 30, 2023 and 2022. Intangible assets are amortized on a straight-line basis over the useful life. Intangible assets amortiz ation was $2.0 m illion and $2.0 million for the three months ended June 30, 2023 and 2022, respectively and was $4.1 m illion and $4.0 million for the six months ended June 30, 2023 and 2022, respectively. 6. Goodwill and intangible assets (continued) Intangible assets consists of the following:
(in thousands) |  | June 30, 2023 |  |  | December 31, 2022 |  |  | Weighted average remaining useful life as of June 30, 2023 (in years) |
|  | Gross amount |  |  | Accumulated amortization |  |  | Net carrying amount |  |  | Gross amount |  |  | Accumulated amortization |  |  | Net carrying amount |  |  |  |
Developed technology |  | $ | 13,367 |  |  | $ | (6,463 | ) |  | $ | 6,904 |  |  | $ | 13,367 |  |  | $ | (4,745 | ) |  | $ | 8,622 |  |  |  | 2.0 |
Customer relationship |  |  | 22,525 |  |  |  | (7,727 | ) |  |  | 14,798 |  |  |  | 22,525 |  |  |  | (5,734 | ) |  |  | 16,791 |  |  |  | 3.8 |
Tradename |  |  | 2,470 |  |  |  | (958 | ) |  |  | 1,512 |  |  |  | 2,470 |  |  |  | (711 | ) |  |  | 1,759 |  |  |  | 3.1 |
Non-compete agreement |  |  | 162 |  |  |  | (105 | ) |  |  | 57 |  |  |  | 162 |  |  |  | (78 | ) |  |  | 84 |  |  |  | 1.1 |
Other intangibles |  |  | 485 |  |  |  | (239 | ) |  |  | 246 |  |  |  | 485 |  |  |  | (158 | ) |  |  | 327 |  |  |  | 1.5 |
Total intangible assets |  | $ | 39,009 |  |  | $ | (15,492 | ) |  | $ | 23,517 |  |  | $ | 39,009 |  |  | $ | (11,426 | ) |  | $ | 27,583 |  |  |  |
As of June 30, 2023, expected amortization expense for intangible assets was as follows:
(in thousands) |  | June 30, 2023 |
Remaining six months of 2023 |  | $ | 4,066 |
2024 |  |  | 7,997 |
2025 |  |  | 6,308 |
2026 |  |  | 3,429 |
2027 |  |  | 1,717 |
Thereafter |  |  | — |
Total |  | $ | 23,517 |

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