GOODWILL & INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

GOODWILL & INTANGIBLE ASSETS

Schedule of goodwill activity

The goodwill activity is as follows (in thousands):

	June 30,		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):

		June 30, 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	7.3	$	184,401	$	122,763	$	61,638	$	185,222	$	65,724	$	119,498
Trade name	5.2		12,299		11,114		1,185		12,302		3,952		8,350
Customer relationships	8.4		67,707		50,140		17,567		68,378		27,968		40,410
Capitalized software	—		518		518		—		518		518		—
Total intangible assets		$	264,925	$	184,535	$	80,390	$	266,421	$	98,162	$	168,259

Schedule of amortization expenses

During the three and six months ended June 30, 2024 and 2023, the Company recognized the following amortization expense (in thousands):

	Statement of	Three Months Ended June 30,				Six Months Ended June 30,
Category	Operations Line Item	2024		2023		2024		2023
Acquired technology	Cost of Sales	$	42,681	$	6,928	$	57,009	$	13,855
Acquired technology	Research and Development		175		556		350		1,109
Trade name	General and Administrative		5,758		418		7,180		833
Customer relationships	Sales and Marketing		17,317		2,537		22,439		5,057
Capitalized software	Research and Development		—		18		—		45
		$	65,931	$	10,457	$	86,978	$	20,899

Schedule of future amortization expense

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

	Amortization Expense
2024 (remaining 6 months)	$	12,153
2025		21,751
2026		15,067
2027		10,399
2028		7,991
2029 and after		13,029
Total intangible amortization	$	80,390