XML 37 R21.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill were as follows (in thousands):
December 31, 2021$34,556 
Acquisition
78,225 
Foreign currency translation adjustments
(3,041)
December 31, 2022109,740 
Foreign currency translation adjustments2,357 
December 31, 2023$112,097 
Intangible Assets
The following table presents the components of net intangible assets (in thousands):
December 31, 2023December 31, 2022
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.5$15,949 $(7,471)$8,478 $15,705 $(3,849)$11,856 
Acquired customer-related10.015,427 (2,769)12,658 14,969 (1,169)13,800 
Acquired trade names3.02,172 (1,721)451 2,151 (861)1,290 
Patents10.03,150 (1,845)1,305 2,916 (1,628)1,288 
Total7.2$36,698 $(13,806)$22,892 $35,741 $(7,507)$28,234 
Amortization expense related to intangible assets was $6.2 million, $5.3 million and $1.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
2024$5,506 
20254,769 
20263,451 
20272,126 
20281,679 
Thereafter5,361 
Total expected amortization expense$22,892