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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Finite-lived Intangible Assets
The Company’s finite-lived and indefinite-lived intangible assets are summarized as follows (in thousands):
March 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Remaining Useful Life (Years)
Developed technology$166,320 $(73,781)$92,539 4.1
Customer relationships66,350 (33,990)32,360 4.1
Total finite-lived intangible assets
232,670 (107,771)124,899 4.1
In-process research and development2,848 — 2,848 
Total intangible assets$235,518 $(107,771)$127,747 
December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-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 
Summary of Intangible Assets Amortization Expense
The Company estimates that there is no significant residual value related to its finite-lived intangible assets. Amortization expense recorded on the Company’s finite-lived intangible assets is summarized as follows (in thousands):
Three Months Ended March 31,
20242023
Cost of revenue$5,885 $5,493 
Sales and marketing3,106 3,107 
Research and development675 734 
Total amortization of acquired intangible assets$9,666 $9,334