Quarterly report pursuant to Section 13 or 15(d)

Acquired Intangible Assets and Goodwill

v3.22.2
Acquired Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets and Goodwill Acquired Intangible Assets and Goodwill
Acquired Intangible Assets—The gross carrying amounts and accumulated amortization of intangible assets were as follows:

June 30, 2022 December 31, 2021
Weighted-Average Useful Lives (Years) Gross Accumulated Amortization Net Gross Accumulated Amortization Net
Trade names
9.3
$ 82,690  $ (10,139) $ 72,551  $ 71,040  $ (6,004) $ 65,036 
Developed technology
3.3
66,340  (27,756) 38,584  63,480  (17,285) 46,195 
Customer relationships 10 81,360  (10,729) 70,631  81,360  (6,662) 74,698 
Total $ 230,390  $ (48,624) $ 181,766  $ 215,880  $ (29,951) $ 185,929 

Amortization expense amounted to $9,747 and $8,926 for the three months ended June 30, 2022 and 2021, respectively, and $18,673 and $9,048 for the six months ended June 30, 2022 and 2021, respectively.

Our estimate of remaining amortization expense for intangible assets that existed as of June 30, 2022 is as follows:

2022, excluding the six months ended June 30, 2022
$ 19,494 
2023 38,988 
2024 23,741 
2025 17,618 
2026 17,380 
Thereafter 64,545 
Estimated remaining amortization expense $ 181,766 

Goodwill—The carrying amounts of goodwill by reportable segment were as follows:

Real Estate Services Rentals Mortgage Total
Balance as of December 31, 2021
$ 250,231  $ 159,151  $ —  $ 409,382 
Goodwill resulting from acquisition —  —  51,967  51,967 
Balance as of June 30, 2022
$ 250,231  $ 159,151  $ 51,967  $ 461,349