GOODWILL & INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

GOODWILL & INTANGIBLE ASSETS

Schedule of goodwill activity

The goodwill activity is as follows (in thousands):

	March 31,		December 31,
	2024		2023
Balance, beginning of year	$	—	$	112,955
Goodwill impairment		—		(112,911)
Foreign currency translation adjustment		—		(44)
Balance, end of period	$	—	$	—

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

		March 31, 2024						December 31, 2023
	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	4.6	$	184,597	$	79,981	$	104,616	$	185,222	$	65,724	$	119,498
Trade name	1.1		12,299		5,365		6,934		12,302		3,952		8,350
Customer relationships	4.3		67,896		32,901		34,995		68,378		27,968		40,410
Capitalized software	—		518		518		—		518		518		—
Total intangible assets		$	265,310	$	118,765	$	146,545	$	266,421	$	98,162	$	168,259

Schedule of amortization expenses

During the three months ended March 31, 2024 and 2023, the Company recognized the following amortization expense (in thousands):

	Statement of	Three Months Ended March 31,
Category	Operations Line Item	2024		2023
Acquired technology	Cost of Sales	$	14,328	$	6,927
Acquired technology	Research and Development		175		553
Trade name	General and Administrative		1,422		415
Customer relationships	Sales and Marketing		5,122		2,520
Capitalized software	Research and Development		—		27
		$	21,047	$	10,442

Schedule of future amortization expense

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

	Amortization Expense
2024 (remaining 9 months)	$	100,652
2025		17,170
2026		11,242
2027		7,217
2028		5,365
2029 and after		4,899
Total intangible amortization	$	146,545