INTANGIBLE ASSETS AND GOODWILL (Tables)

9 Months Ended

Sep. 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):

	September 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Useful Life (Years)
Developed technology	$	186,183	$	(87,868)	$	98,315	4.1
Customer relationships	71,050		(40,459)		30,591		4.8
Total finite-lived intangible assets	257,233		(128,327)		128,906		4.3
In-process research and development	2,848		—		2,848
Total intangible assets	$	260,081	$	(128,327)	$	131,754

	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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cost of revenue	$	6,698	$	5,506	$	18,739	$	16,492
Sales and marketing	3,224		3,106		9,475		9,319
Research and development	668		678		2,008		2,087
Total amortization of acquired intangible assets	$	10,590	$	9,290	$	30,222	$	27,898

Schedule of Goodwill

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

Beginning balance	$	539,354
Additions	11,333
Other adjustments, net(1)	(466)
Ending balance	$	550,221

(1) Includes measurement period adjustments for Intelliwave and the effect of foreign currency translation.