GOODWILL & INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

GOODWILL & INTANGIBLE ASSETS

Schedule of goodwill activity

The goodwill activity is as follows (in thousands):

	September 30,		December 31,
	2023		2022
Balance, beginning of year	$	112,955	$	639,301
Goodwill impairment		(2,450)		(498,800)
Foreign currency translation adjustment		(1,854)		(26,940)
Measurement period adjustments		—		(606)
Balance, end of period	$	108,651	$	112,955

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

		September 30, 2023						December 31, 2022
	Weighted Average	Gross				Net		Gross				Net
	Remaining Useful	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Lives (in years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Acquired technology	7.8	$	185,669	$	58,039	$	127,630	$	196,367	$	36,919	$	159,448
Trade name	9.9		12,297		3,545		8,752		12,459		2,374		10,085
Customer relationships	9.1		67,565		25,145		42,420		67,915		17,663		50,252
Capitalized software	—		518		518		—		518		473		45
Total intangible assets		$	266,049	$	87,247	$	178,802	$	277,259	$	57,429	$	219,830

Schedule of amortization expenses

During the three and nine months ended September 30, 2023 and 2022, the Company recognized the following amortization expense (in thousands):

	Statement of	Three Months Ended September 30,				Nine Months Ended September 30,
Category	Operations Line Item	2023		2022		2023		2022
Acquired technology	Cost of Sales	$	6,889	$	5,877	$	20,744	$	17,817
Acquired technology	Research and Development		556		466		1,665		1,314
Trade name	General and Administrative		416		424		1,249		1,267
Customer relationships	Sales and Marketing		2,537		2,276		7,594		8,044
Capitalized software	Research and Development		0		26		45		80
		$	10,398	$	9,069	$	31,297	$	28,522

Schedule of future amortization expense

The Company expects to recognize the following amortization expense (in thousands):

	Amortization Expense
2023 (remaining 3 months)	$	10,148
2024		40,323
2025		37,476
2026		27,276
2027		19,296
2028 and after		44,283
Total intangible amortization	$	178,802