Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

5.Goodwill and other intangible assets

Goodwill

The changes in the carrying amount of goodwill, which is attributable to the Software reportable segment, were as follows (in thousands):

Balance as of December 31, 2022	$	449,048
Effects of foreign currency translation		2,122
Balance as of March 31, 2023	$	451,170

Other intangible assets

A summary of other intangible assets is shown below (in thousands):

	March 31, 2023
	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Developed technology	4-6 years	$	137,439	$	73,349	$	64,090
Customer relationships	7-10 years		57,452		31,443		26,009
Other intangibles	4-10 years		1,451		363		1,088
Total definite-lived intangible assets			196,342		105,155		91,187
Indefinite-lived intangible assets:
Trade names			10,399				10,399
Total other intangible assets		$	206,741	$	105,155	$	101,586

	December 31, 2022
	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Developed technology	4-6 years	$	135,703	$	67,665	$	68,038
Customer relationships	7-10 years		57,143		29,148		27,995
Other intangibles	4-10 years		1,448		298		1,150
Total definite-lived intangible assets			194,294		97,111		97,183
Indefinite-lived intangible assets:
Trade names			10,426				10,426
Total other intangible assets		$	204,720	$	97,111	$	107,609

Amortization expense related to intangible assets was $7.8 million and $5.9 million for the three months ended March 31, 2023 and 2022, respectively.