XML 27 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Acquired Intangible Assets, Net
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets, Net Goodwill and Acquired Intangible Assets, Net
The carrying amounts of the Company's goodwill was $174.4 million as of September 30, 2022 and December 31, 2021. The Company tests goodwill for impairment at least annually, in the fourth quarter, or whenever events or changes in circumstances would more likely than not reduce the fair value of its single reporting unit below its carrying value. We did not record any goodwill impairment during the nine months ended September 30, 2022.
Acquired intangible assets consisted of the following (in thousands):
September 30, 2022December 31, 2021
CostAccumulated
Amortization		Net Book
Value		CostAccumulated
Amortization		Net Book
Value
Developed technology $22,396 $20,646 $1,750 $22,396 $20,029 $2,367 
Customer relationships 74,884 52,448 22,436 74,884 46,157 28,727 
Tradenames1,650 1,647 3 1,650 1,628 22 
Acquired intangible assets, net $98,930 $74,741 $24,189 $98,930 $67,814 $31,116 
The following tables set forth the amortization expense recorded related to acquired intangible assets for the three and nine months ended September 30, 2022 and 2021 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Cost of net revenue $208 $208 $617 $617 
Sales, marketing and support2,071 2,606 6,291 7,751 
General and administrative 6 6 19 19 
Total amortization of acquired intangible assets $2,285 $2,820 $6,927 $8,387 
As of September 30, 2022, the total expected future amortization expense of acquired intangible assets by year is as follows (in thousands):
The remainder of 20222,282 
20238,593 
20248,300 
20255,014 
2026— 
Thereafter— 
    Total expected future amortization expense$24,189