Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Useful Life (Years)
Developed technology	$	186,132	$	(80,501)	$	105,631	4.3
Customer relationships	71,050		(37,236)		33,814		4.8
Total finite-lived intangible assets	257,182		(117,737)		139,445		4.5
In-process research and development	2,848		—		2,848
Total intangible assets	$	260,030	$	(117,737)	$	142,293

	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 relationships	66,350		(30,884)		35,466		4.2
Total finite-lived intangible assets	232,803		(98,105)		134,698		4.3
In-process research and development	2,848		—		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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenue	$	6,156	$	5,493	$	12,041	$	10,986
Sales and marketing	3,145		3,106		6,251		6,213
Research and development	665		675		1,340		1,409
Total amortization of acquired intangible assets	$	9,966	$	9,274	$	19,632	$	18,608

Schedule of Goodwill

The following table presents the changes in carrying amount of goodwill during the six months ended June 30, 2024 (in thousands):

Beginning balance	$	539,354
Additions	11,333
Other adjustments, net(1)	(324)
Ending balance	$	550,363

(1) Includes the effect of foreign currency translation