| Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 were as follows:
|
|
Goodwill |
|
|
|
(in thousands) |
|
|
Balance as of December 31, 2021 |
$ |
1,588,452 |
|
|
Goodwill acquired |
|
69,291 |
|
|
Foreign currency translation |
|
(24,947 |
) |
|
Balance as of September 30, 2022 |
$ |
1,632,796 |
|
|
| Schedule of Intangible Assets |
Intangible assets consisted of the following:
|
|
As of September 30, 2022 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands, except years) |
|
|
Domain names |
|
3.0 |
|
|
$ |
937 |
|
|
$ |
529 |
|
|
$ |
408 |
|
|
Trademarks |
|
1.5 |
|
|
|
800 |
|
|
|
411 |
|
|
|
389 |
|
|
Technology |
|
3.2 |
|
|
|
338,557 |
|
|
|
154,903 |
|
|
|
183,654 |
|
|
Customer relationships |
|
5.8 |
|
|
|
21,000 |
|
|
|
5,609 |
|
|
|
15,391 |
|
|
Patents |
|
9.2 |
|
|
|
39,279 |
|
|
|
13,867 |
|
|
|
25,412 |
|
|
Other |
|
1.3 |
|
|
|
6,000 |
|
|
|
2,126 |
|
|
|
3,874 |
|
|
|
|
|
|
|
$ |
406,573 |
|
|
$ |
177,445 |
|
|
$ |
229,128 |
|
|
|
As of December 31, 2021 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands except years) |
|
|
Domain names |
|
4.6 |
|
|
$ |
967 |
|
|
$ |
365 |
|
|
$ |
602 |
|
|
Trademarks |
|
4.3 |
|
|
|
21,384 |
|
|
|
2,613 |
|
|
|
18,771 |
|
|
Technology |
|
3.6 |
|
|
|
343,800 |
|
|
|
142,588 |
|
|
|
201,212 |
|
|
Customer relationships |
|
5.1 |
|
|
|
53,709 |
|
|
|
6,332 |
|
|
|
47,377 |
|
|
Patents |
|
4.0 |
|
|
|
21,195 |
|
|
|
11,503 |
|
|
|
9,692 |
|
|
|
|
|
|
|
$ |
441,055 |
|
|
$ |
163,401 |
|
|
$ |
277,654 |
|
|
| Schedule of Estimated Intangible Asset Amortization Expense |
As of September 30, 2022, the estimated intangible asset amortization expense for the next five years and thereafter is as follows:
|
|
Estimated
Amortization |
|
|
|
(in thousands) |
|
|
Remainder of 2022 |
$ |
24,741 |
|
|
2023 |
|
70,110 |
|
|
2024 |
|
57,168 |
|
|
2025 |
|
41,092 |
|
|
2026 |
|
16,664 |
|
|
Thereafter |
|
19,353 |
|
|
Total |
$ |
229,128 |
|
|