DoubleVerify Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Summary of changes to the goodwill carrying value


(in thousands)
Goodwill at December 31, 2022	$	343,011
Foreign exchange impact		848
Goodwill at March 31, 2023	$	343,859

Schedule of intangible assets and related accumulated amortization


(in thousands)	March 31, 2023						December 31, 2022
	Gross Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
Trademarks and brands	$	11,734	$	(4,506)	$	7,228	$	11,733	$	(4,294)	$	7,439
Customer relationships		145,949		(52,789)		93,160		145,834		(49,587)		96,247
Developed technology		76,827		(47,876)		28,951		76,677		(44,956)		31,721
Non-compete agreements		65		(52)		13		64		(42)		22
Total intangible assets	$	234,575	$	(105,223)	$	129,352	$	234,308	$	(98,879)	$	135,429


		(In years)
Trademarks and brands		9
Customer relationships		7
Developed technology		3
Non-compete agreements		1

Schedule of Estimated future expected amortization expense of intangible assets


(in thousands)
2023 (for remaining nine months)	$	18,606
2024		23,314
2025		21,182
2026		16,084
2027		13,874
2028		13,453
Thereafter		22,839
Total	$	129,352

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details