Goodwill and Acquired Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Intangible Assets

Acquired intangible assets include the following:

		June 30, 2024						December 31, 2023
(Dollars in thousands)	Weighted Average Useful Life (in years)(1)	Cost Basis		Accumulated Amortization		Net		Cost Basis		Accumulated Amortization		Net
Trade name and trademarks(2)	4.0	$	6,040	$	(1,384)	$	4,656	$	6,040	$	(629)	$	5,411
Customer relationships	4.6	8,920		(5,344)		3,576		8,920		(4,013)		4,907
Developed technology	3.5	2,590		(1,285)		1,305		2,590		(908)		1,682
Partner relationships	2.5	730		(268)		462		730		(122)		608
Total acquired intangible assets		$	18,280	$	(8,281)	$	9,999	$	18,280	$	(5,672)	$	12,608

(1)     The weighted average useful life of acquired intangible assets related to the Nitro acquisition is 4.3 years and the weighted average useful life of the acquired intangible assets related to the Scholly acquisition is 3.9 years.

(2) In 2023, we fully impaired the Nitro trade name and trademarks asset for $56 million.