Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The table below summarizes the Company’s intangible assets at December 31, 2023 and 2022 (in thousands):

	Useful Lives (Years)	Weighted Average Remaining  Life (Years)	December 31, 2023
			Intangible Assets		Accumulated Amortization		Net Balance
Customer relationships	2	—	$	32,729	$	(32,729)	$	—
Trade names	2-9	5.2	38,859		(16,578)		22,281
Capitalized internal use software	3	2.3	25,770		(5,893)		19,877
Software and technology	3-9	5.1	196,136		(79,846)		116,290
Total			$	293,494	$	(135,046)	$	158,448

	Useful Lives (Years)	Weighted Average Remaining  Life (Years)	December 31, 2022
			Intangible Assets		Accumulated Amortization		Net Balance
Customer relationships	2	1.2	$	32,433	$	(28,421)	$	4,012
Trade names	2-9	6.1	38,837		(12,018)		26,819
Capitalized internal use software	3	2.4	8,487		(1,757)		6,730
Software and technology	3-9	6.1	191,735		(57,464)		134,271
Total			$	271,492	$	(99,660)	$	171,832

Finite-lived Intangible Assets Amortization Expense

The estimated future amortization expense associated with intangible assets is as follows (in thousands):

	Future Amortization
2024	35,478
2025	33,661
2026	31,277
2027	26,823
2028	25,100
Thereafter	6,109
Total	$	158,448

Schedule of Goodwill

The following table is a summary of the changes to goodwill for the years ended December 31, 2023 and 2022 (in thousands):

	December 31,
	2023		2022
Beginning balance	$	618,506	$	619,587
Molotov acquisition	—		(497)
Foreign currency translation adjustment	4,312		(584)
Ending balance	$	622,818	$	618,506

Fair Value Measurement Inputs and Valuation Techniques

Significant inputs into the valuation models included the control premium, discount rate, and revenue market multiples as follows:

	December 31, 2022
Control premium	35%
Discount rate	31%
Revenue multiples	0.34x - 0.52x