Intangible Assets, Net and Goodwill

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net and Goodwill

Intangible Assets, Net and Goodwill

The following table presents details of purchased intangible assets as of June 30, 2024, and December 31, 2023:

	June 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Remaining Weighted-Average Useful Life
	(unaudited)
	(in thousands)						(in years)
Intangible assets subject to amortization:
Acquired license	$	11,886	$	(5,237)	$	6,649	6.3
Non-compete agreements and other covenant rights	5,100		(4,007)		1,093		1.5
Acquired technology	1,600		(1,600)		—		0.0
Total intangible assets subject to amortization	$	18,586	$	(10,844)	$	7,742
Intangible assets not subject to amortization:
Goodwill	3,290		—		3,290
Total purchased intangible assets	$	21,876	$	(10,844)	$	11,032

	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Remaining Weighted-Average Useful Life
	(in thousands)						(in years)
Intangible assets subject to amortization:
Acquired license	$	11,886	$	(4,686)	$	7,200	6.8
Non-compete agreements and other covenant rights	5,100		(3,588)		1,512		1.9
Acquired technology	1,600		(1,333)		267		0.3
Total intangible assets subject to amortization	$	18,586	$	(9,607)	$	8,979
Intangible assets not subject to amortization:
Goodwill	3,290		—		3,290
Total purchased intangible assets	$	21,876	$	(9,607)	$	12,269

Amortization of finite-lived intangible assets was $0.6 million and $0.7 million for the three months ended June 30, 2024, and 2023, respectively, and $1.2 million and $1.4 million for the six months ended June 30, 2024, and 2023, respectively.

The following table summarizes estimated future amortization expense of finite-lived intangible assets, net:

Year Ending December 31,
	(unaudited)
	(in thousands)
Remainder of 2024	$	982
2025	1,670
2026	1,212
2027	1,107
2028	1,109
2029 and thereafter	1,662
Total	$	7,742