Goodwill and Acquisition-Related Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets

Acquisition-related intangible assets, excluding those that are fully amortized, were as follows (in thousands, except years):


	Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount				Weighted Average Remaining Useful Life (in years)
	December 31, 2023		Additions		June 30, 2024		December 31, 2023		Amortization		June 30, 2024		December 31, 2023		June 30, 2024
Developed technology	$	154,930	$	—	$	154,930	$	(102,493)	$	(8,390)	$	(110,883)	$	52,437	$	44,047	3.7
Customer relationships	54,620		—		54,620		(21,797)		(3,851)		(25,648)		32,823		28,972		4.3
Trade name	12,390		—		12,390		(8,882)		(1,139)		(10,021)		3,508		2,369		1.1
Total	$	221,940	$	—	$	221,940	$	(133,172)	$	(13,380)	$	(146,552)	$	88,768	$	75,388	3.8

Amortization expense related to acquisition-related intangible assets was $6.7 million and $9.3 million for the three months ended June 30, 2024 and 2023, respectively, and $13.4 million and $18.6 million for the six months ended June 30, 2024 and 2023, respectively.

As of June 30, 2024, future estimated amortization expense related to the acquisition-related intangible assets is as follows (in thousands):


	Future Amortization Expense
Remainder of 2024	$	13,379
2025	19,642
2026	17,260
2027	13,436
2028	10,037
Thereafter	1,634
Total	$	75,388