| Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the six months ended June 30, 2022 were as follows:
|
|
Goodwill |
|
|
|
(in thousands) |
|
|
Balance as of December 31, 2021 |
$ |
1,588,452 |
|
|
Goodwill acquired |
|
60,791 |
|
|
Foreign currency translation |
|
(15,158 |
) |
|
Balance as of June 30, 2022 |
$ |
1,634,085 |
|
|
| Schedule of Intangible Assets |
Intangible assets consisted of the following:
|
|
As of June 30, 2022 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands, except years) |
|
|
Domain names |
|
4.4 |
|
|
$ |
949 |
|
|
$ |
462 |
|
|
$ |
487 |
|
|
Trademarks |
|
1.7 |
|
|
|
800 |
|
|
|
344 |
|
|
|
456 |
|
|
Technology |
|
3.5 |
|
|
|
336,687 |
|
|
|
138,139 |
|
|
|
198,548 |
|
|
Customer relationships |
|
6.0 |
|
|
|
21,000 |
|
|
|
4,578 |
|
|
|
16,422 |
|
|
Patents |
|
5.9 |
|
|
|
26,629 |
|
|
|
12,905 |
|
|
|
13,724 |
|
|
Other |
|
1.5 |
|
|
|
6,000 |
|
|
|
1,376 |
|
|
|
4,624 |
|
|
|
|
|
|
|
$ |
392,065 |
|
|
$ |
157,804 |
|
|
$ |
234,261 |
|
|
|
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 June 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 |
$ |
37,371 |
|
|
2023 |
|
72,338 |
|
|
2024 |
|
57,813 |
|
|
2025 |
|
40,464 |
|
|
2026 |
|
15,270 |
|
|
Thereafter |
|
11,005 |
|
|
Total |
$ |
234,261 |
|
|