XML 49 R34.htm IDEA: XBRL DOCUMENT v3.24.0.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-lived Intangible Assets
The Company’s finite-lived and indefinite-lived intangible assets are summarized as follows (dollars in thousands):
December 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Weighted-Average Remaining Useful Life
(Years)
Developed technology$166,453 $(67,221)$99,232 4.3
Customer relationships66,350 (30,884)35,466 4.2
Total finite-lived intangible assets
232,803 (98,105)134,698 4.3
In-process research and development2,848 — 2,848 
Total intangible assets$235,651 $(98,105)137,546 
December 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-Average Remaining Useful
Life (Years)
Developed technology$157,130 $(41,968)$115,162 5.1
Customer relationships66,350 (18,559)47,791 4.9
Total$223,480 $(60,527)$162,953 5.1
Schedule of Intangible Assets Amortization Expense Amortization expense recorded on the Company's finite-lived intangible assets is summarized as follows (in thousands):
Year Ended December 31,
202320222021
Cost of revenue$22,396 $22,428 $7,522 
Sales and marketing12,425 12,425 3,600 
Research and development2,757 3,528 2,674 
Total amortization of acquired finite-lived intangible assets
$37,578 $38,381 $13,796 
Estimated Future Amortization Expense Related to Finite-lived Intangible Assets
The following table outlines the estimated future amortization expense related to finite-lived intangible assets (in thousands):
Years Ending December 31,
2024$38,710 
202535,267 
202620,547 
202719,631 
202816,557 
Thereafter3,986 
Total$134,698 
Schedule of Changes in Carrying Amount of Goodwill
The following table presents the changes in carrying amount of goodwill (in thousands):
Year Ended December 31,
20232022
Beginning balance$539,128 $540,922 
Other adjustments, net (1)
226 (1,794)
Ending balance
$539,354 $539,128 
(1)Includes post-closing working capital adjustments and the effect of foreign currency translation.