Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents our goodwill balances (in thousands):


	Years Ended December 31,
	2023		2022
Beginning balance	$	615,093	$	289,763
Additions due to acquisition	—		367,376
Foreign currency translation adjustment	16,902		(42,907)
Measurement period adjustments related to prior acquisition	—		861
Ending balance	$	631,995	$	615,093

Based on our evaluation of qualitative factors considered for our goodwill impairment test performed in 2023, we determined a quantitative assessment was necessary and concluded that the fair value of our single reporting unit exceeded the carrying value. As a result, we did not recognize a goodwill impairment charge during the year ended December 31, 2023. We have not recognized any goodwill impairment charges since our inception.

The following table presents our intangible assets balances as of December 31, 2023 and December 31, 2022 (in thousands, except weighted-average amortization period):


	December 31, 2023
	Weighted-Average Amortization Period (in months)	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation Adjustment		Net Carrying Amount
Developed technologies	80	$	106,703	$	(55,651)	$	(3,757)	$	47,295
Content libraries	60	12,230		(11,189)		—		1,041
Customer lists	35	34,190		(31,836)		(1,298)		1,056
Trade and domain names	52	16,213		(12,817)		(358)		3,038


Total intangible assets	67	$	169,336	$	(111,493)	$	(5,413)	$	52,430


	December 31, 2022
	Weighted-Average Amortization Period (in months)	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation Adjustment		Net Carrying Amount
Developed technologies	80	$	106,703	$	(44,410)	$	(5,751)	$	56,542
Content libraries	60	12,230		(9,279)		—		2,951
Customer lists	35	34,190		(22,074)		(1,318)		10,798
Trade and domain names	52	16,213		(11,225)		(546)		4,442
Indefinite-lived trade name	—	3,600		—		—		3,600

Total intangible assets	67	$	172,936	$	(86,988)	$	(7,615)	$	78,333

During the years ended December 31, 2023, 2022 and 2021, amortization expense related to our intangible assets totaled approximately $24.4 million, $25.9 million and $13.7 million, respectively. During the year ended December 31, 2023, we recognized an impairment charge on our indefinite-lived intangible asset of $3.6 million. For further information, see “Note 6, Property and Equipment, Net.” We did not recognize any impairment charges on any of our other intangible assets during the years ended December 31, 2023, 2022 and 2021.

The following table presents the estimated future amortization expense related to our intangible assets as of December 31, 2023 (in thousands):


	December 31, 2023
2024	$	13,637
2025	11,532
2026	11,185
2027	9,029
2028	6,954
Thereafter	93
Total	$	52,430