v3.22.2.2
Goodwill, Intangible Assets, and Capitalized Costs Incurred in Cloud Computing Arrangements
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Intangible Assets, and Capitalized Costs Incurred in Cloud Computing Arrangements Goodwill, Intangible Assets, and Capitalized Costs Incurred in Cloud Computing ArrangementsThe Company's goodwill balance as of September 30, 2022 and December 31, 2021 was $978.2 million and $969.9 million, respectively. The increase during the nine months ended September 30, 2022 was primarily a result of the Carbon Acquisition (see Note 7).
The Company’s intangible assets as of September 30, 2022 and December 31, 2021 included the following:
September 30, 2022December 31, 2021
(in thousands)
Amortizable intangible assets:
Developed technology$390,136 $378,958 
Customer relationships136,000 173,950 
In-process research and development12,730 14,630 
Non-compete agreements900 2,270 
Trademarks900 1,400 
Total identifiable intangible assets, gross540,666 571,208 
Accumulated amortization—intangible assets:
Developed technology(131,493)(75,850)
Customer relationships(82,648)(65,702)
In-process research and development(3,154)(1,250)
Non-compete agreements(449)(1,197)
Trademarks(375)(594)
Total accumulated amortization—intangible assets(218,119)(144,593)
Total identifiable intangible assets, net$322,547 $426,615 
Amortization of intangible assets for the three months ended September 30, 2022 and 2021 was $38.1 million and $42.2 million, respectively, and $115.3 million and $79.3 million for the nine months ended September 30, 2022 and 2021, respectively. During the first quarter of 2022, the Company abandoned certain in-process research and development projects and technology intangible assets. The abandonment resulted in $3.3 million of impairment costs in the nine months ended September 30, 2022, which was included within merger, acquisition, and restructuring costs in the condensed consolidated statement of operations.
The estimated remaining amortization expense associated with the Company's intangible assets was as follows as of September 30, 2022:
Fiscal YearAmount
(in thousands)
Remaining 2022$34,369 
2023104,924 
202487,294 
202570,834 
202624,695 
Thereafter431 
Total$322,547 
The Company capitalizes costs related to arrangements for infrastructure as a service, platform as a service, and software as a service. As of September 30, 2022, $0.8 million of capitalized costs associated with these arrangements was included within prepaid expenses and other current assets and $0.7 million was included within other assets, non-current. As of December 31, 2021, $0.5 million of capitalized costs associated with these arrangements was included within prepaid expenses and other current assets and $0.7 million was included within other assets, non-current. The amortization of these agreements was immaterial for the three and nine months ended September 30, 2022 and 2021.