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GOODWILL AND INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
Goodwill consists of the following (in thousands):
December 31,
20222021
Goodwill$547,556 $1,625 
Recovery of escrow from AlsoEnergy acquisition(915)— 
Effect of foreign currency translation116 
Total goodwill$546,649 $1,741 
Intangible Assets, Net
Intangible assets, net, consists of the following (in thousands):
December 31,
20222021
Developed technology$30,600 $500 
Trade name11,300 — 
Customer relationships106,800 — 
Backlog3,900 — 
Internally developed software49,472 29,706 
Intangible assets202,072 30,206 
Less: Accumulated amortization(39,809)(16,276)
Add: Currency translation adjustment36 
Total intangible assets, net$162,265 $13,966 
Amortization expense for intangible assets was $23.6 million, $5.3 million and $4.5 million for the years ended December 31, 2022, 2021, and 2020, respectively, of which amortization of internally developed software and developed technology is recognized in cost of goods sold and amortization of customer relationships, trade name, and backlog is recognized in sales and marketing in the consolidated statements of operations.