| Schedule of Carrying Value of Goodwill |
The following table reflects the carrying value of goodwill (in thousands):
|
|
|
Carrying Value |
|
|
Balance as of December 31, 2020 |
|
$ |
73,058 |
|
|
Additions: |
|
|
|
|
|
This Old House acquisition |
|
|
46,671 |
|
|
Nielsen AVA business acquisition |
|
|
22,055 |
|
|
Other immaterial acquisitions |
|
|
5,000 |
|
|
Balance as of June 30, 2021 |
|
$ |
146,784 |
|
|
| Summary of Intangible Assets |
The following table is the summary of the Company’s intangible assets (in thousands, except years):
|
|
|
As of June 30, 2021 |
|
|
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted-Average Useful Lives (in years) |
|
|
Developed technology |
|
$ |
76,567 |
|
|
$ |
(19,366 |
) |
|
$ |
57,201 |
|
|
|
5.9 |
|
|
IPR&D technology |
|
|
8,500 |
|
|
|
— |
|
|
|
8,500 |
|
|
|
5.3 |
|
|
Customer relationships |
|
|
14,100 |
|
|
|
(5,633 |
) |
|
|
8,467 |
|
|
|
4.0 |
|
|
Tradename |
|
|
20,400 |
|
|
|
(966 |
) |
|
|
19,434 |
|
|
|
9.8 |
|
|
Patents |
|
|
4,076 |
|
|
|
(460 |
) |
|
|
3,616 |
|
|
|
14.0 |
|
|
Intangible assets |
|
$ |
123,643 |
|
|
$ |
(26,425 |
) |
|
$ |
97,218 |
|
|
|
6.6 |
|
|
|
|
As of December 31, 2020 |
|
|
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted-Average Useful Lives (in years) |
|
|
Developed technology |
|
$ |
62,367 |
|
|
$ |
(13,439 |
) |
|
$ |
48,928 |
|
|
|
5.9 |
|
|
Customer relationships |
|
|
13,400 |
|
|
|
(3,908 |
) |
|
|
9,492 |
|
|
|
4.0 |
|
|
Tradename |
|
|
400 |
|
|
|
(400 |
) |
|
|
— |
|
|
|
0.5 |
|
|
Patents |
|
|
4,076 |
|
|
|
(315 |
) |
|
|
3,761 |
|
|
|
14.0 |
|
|
Intangible assets |
|
$ |
80,243 |
|
|
$ |
(18,062 |
) |
|
$ |
62,181 |
|
|
|
6.0 |
|
|
| Schedule of Estimated Future Amortization Expense for Intangible Assets |
As of June 30, 2021, the estimated future amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
|
Year Ending December 31, |
|
|
|
|
|
2021 (remaining 6 months) |
|
$ |
9,291 |
|
|
2022 |
|
|
19,897 |
|
|
2023 |
|
|
19,219 |
|
|
2024 |
|
|
16,427 |
|
|
2025 |
|
|
14,724 |
|
|
Thereafter |
|
|
17,660 |
|
|
Total |
|
$ |
97,218 |
|
|