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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

We operate our business in two operating segments that also represent our reporting units. Our reporting units are organized based on our technology and professional services. We have not incurred any goodwill impairment charges.

Goodwill by reporting unit is as follows (in thousands):


	As of March 31,		As of December 31,
	2021		2020
	(unaudited)
Technology	$	107,040	$	107,040
Professional services	782		782
Total goodwill	$	107,822	$	107,822

As of March 31, 2021, intangible assets consisted of the following (in thousands):


	Gross		Accumulated Amortization		Net
	(unaudited)
Developed technologies	$	69,729	$	(28,676)	$	41,053
Customer relationships and contracts	57,764		(10,520)		47,244
Computer software licenses	7,359		(5,123)		2,236
Trademarks	1,700		(393)		1,307
Total intangible assets	$	136,552	$	(44,712)	$	91,840

As of December 31, 2020, intangible assets consisted of the following (in thousands):


	Gross		Accumulated Amortization		Net
Developed technologies	$	69,729	$	(25,293)	$	44,436
Customer relationships and contracts	57,764		(7,482)		50,282
Computer software licenses	7,359		(4,615)		2,744
Trademarks	1,700		(241)		1,459
Total intangible assets	$	136,552	$	(37,631)	$	98,921

Amortization expense of acquired intangible assets was $7.1 million and $2.2 million for the three months ended March 31, 2021, and 2020, respectively. Amortization expense for intangible assets is included in depreciation and amortization in our condensed consolidated statements of operations.