Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table presents the changes in the carrying amount of goodwill (in thousands):

Balance as of December 31, 2024	$	1,457,685
Foreign currency translation	81,616
Balance as of June 30, 2025	$	1,539,301

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

	Weighted- Average Remaining Useful Life (in years)	As of June 30, 2025						As of December 31, 2024
		Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Customer relationships	6.8	$	527,953	$	(192,314)	$	335,639	$	511,125	$	(160,810)	$	350,315
Developed technology	2.2	210,595		(141,698)		68,897		203,030		(119,552)		83,478
Other	4.8	66,066		(22,423)		43,643		56,880		(17,822)		39,058
Total intangible assets		$	804,614	$	(356,435)	$	448,179	$	771,035	$	(298,184)	$	472,851

The Company recorded amortization expenses related to acquired intangible assets as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Cost of revenue	$	9,556	$	9,557	$	18,859	$	19,130
Sales and marketing	13,796		13,646		27,322		27,310
Total	$	23,352	$	23,203	$	46,181	$	46,440