XML 23 R13.htm IDEA: XBRL DOCUMENT v3.22.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill consists of the following (in thousands):
 Six Months Ended June 30, 2022
Beginning balance$289,763 
Initial addition due to acquisition367,376 
Foreign currency translation adjustment(41,351)
Measurement period adjustments related to prior acquisition(1)
861 
Ending balance$616,649 
(1) For further information, see Note 5, “Acquisition.”

Intangible assets consist of the following (in thousands, except weighted-average amortization period):
 June 30, 2022
 Weighted-Average Amortization Period (in months)Gross Carrying AmountAccumulated AmortizationForeign Currency Translation AdjustmentNet Carrying Amount
Developed technologies80$106,703 $(38,095)$(5,490)$63,118 
Content libraries6012,230 (8,059)— 4,171 
Customer lists3534,190 (17,117)(1,720)15,353 
Trade and domain names5216,213 (10,458)(528)5,227 
Indefinite-lived trade name— 3,600 — — 3,600 
Total intangible assets, net67$172,936 $(73,729)$(7,738)$91,469 
 
 December 31, 2021
Weighted-Average Amortization
Period
(in months)
Gross
Carrying
Amount
Accumulated
Amortization
Foreign Currency Translation AdjustmentNet
Carrying
Amount
Developed technologies76$57,521 $(31,790)$— $25,731 
Content library6012,230 (6,836)— 5,394 
Customer lists4716,190 (12,432)— 3,758 
Trade and domain names4411,613 (9,530)— 2,083 
Indefinite-lived trade name— 3,600 — — 3,600 
Total intangible assets, net65$101,154 $(60,588)$— $40,566 

During the three and six months ended June 30, 2022, amortization expense related to our finite-lived intangible assets totaled approximately $6.8 million and $13.2 million, respectively. During the three and six months ended June 30, 2021, amortization expense related to our finite-lived intangible assets totaled approximately $3.2 million and $7.6 million, respectively.
As of June 30, 2022, the estimated future amortization expense related to our finite-lived intangible assets is as follows (in thousands):
Remaining six months of 2022$12,893 
202324,047 
202413,318 
202511,226 
202610,879 
Thereafter15,506 
Total$87,869