Acquisition, Goodwill and Acquisition-Related Intangible Assets

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisition, Goodwill and Acquisition-Related Intangible Assets

Acquisition, Goodwill and Acquisition-Related Intangible Assets

Acquisitions and Goodwill

    We had no material business acquisitions during the years ended December 31, 2024 and 2023.

There were no material changes to goodwill for the years ended December 31, 2024 and 2023. The Company performed an annual qualitative test for goodwill impairment in the fourth quarter of fiscal years ended December 31, 2024 and 2023 and determined that goodwill was not impaired.

Acquisition-Related Intangible Assets

The following table presents details of our acquisition-related intangible assets as of December 31, 2024 and 2023 (in thousands, except for years):

	Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount				Weighted Average Remaining Useful Life (in years)
	December 31, 2023		Additions		December 31, 2024		December 31, 2023		Amortization		December 31, 2024		December 31, 2023		December 31, 2024
Developed technology	$	154,930	$	—	$	154,930	$	(102,493)	$	(16,780)	$	(119,273)	$	52,437	$	35,657	3.5
Customer relationships	54,620		—		54,620		(21,797)		(7,701)		(29,498)		32,823		25,122		3.9
Trade name	12,390		—		12,390		(8,882)		(2,279)		(11,161)		3,508		1,229		0.7
Total	$	221,940	$	—	$	221,940	$	(133,172)	$	(26,760)	$	(159,932)	$	88,768	$	62,008	3.6

Amortization expense related to acquisition-related intangible assets was $26.8 million, $33.4 million and $33.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.

As of December 31, 2024, future estimated amortization expense related to the acquired-related intangible assets is as follows (in thousands):

Years Ending December 31,	Future Amortization Expense
2025	$	19,642
2026	17,260
2027	13,436
2028	10,037
2029	1,633
Total	$	62,008