Goodwill and Acquired Intangibles

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangibles

Goodwill and Acquired Intangibles

Changes to the carrying amount of goodwill are as follows (in thousands):

	2024		2023
Beginning balance	$	103,379	$	91,755
Acquisitions	77,532		11,198
Foreign currency translation	(746)		401
Measurement period adjustments	313		25
Ending balance	$	180,478	$	103,379

Acquired intangible assets, net consisted of the following (in thousands):

		December 31, 2024						December 31, 2023
	Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Carrying Value		Gross Carrying Amount		Accumulated Amortization		Carrying Value
Customer relationships	0.5 - 15 years	$	97,113	$	(11,969)	$	85,144	$	32,050	$	(4,192)	$	27,858
Developed technology	1 - 7 years	12,861		(9,541)		3,320		12,479		(7,456)		5,023
Other acquired intangibles	0.5 - 5 years	9,814		(7,462)		2,352		7,197		(5,886)		1,311
Total		$	119,788	$	(28,972)	$	90,816	$	51,726	$	(17,534)	$	34,192

At December 31, 2024, customer relationships, developed technology, and other acquired intangibles had weighted-average remaining useful lives of 10.1 years, 3.1 years, and 4.3 years, respectively. Amortization expense relating to acquired intangible assets was $11.7 million, $5.5 million, and $4.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Estimated amortization expense on acquired intangible assets for the next five years and thereafter is as follows (in thousands):

Year ended December 31,
2025	$	10,487
2026	10,250
2027	10,112
2028	9,585
2029	8,675
Thereafter	41,607
Total	$	90,716