Goodwill and Intangible Assets, net (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The gross carrying amount and accumulated amortization of the Company’s intangible assets as of March 31, 2023 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Estimated Useful Life (Years)
Developed technology	$	92,616	$	(56,828)	$	35,788	3-10
Customer relationships	18,425		(8,563)		9,862		5-10
Trademarks	11,395		(4,289)		7,106		15
Capitalized software	12,285		(2,022)		10,263		3-5
Non-compete agreement	5,861		(470)		5,391		3
Patents	2,832		(407)		2,425		3-19
Total intangible assets	$	143,414	$	(72,579)	$	70,835

The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2022 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Estimated Useful Life (Years)
Developed technology	$	73,188	$	(54,422)	$	18,766	3-8
Customer relationships	18,089		(7,602)		10,487		5-10
Trademarks	10,907		(4,119)		6,788		15
Capitalized software	9,620		(1,507)		8,113		3-5
Non-compete agreement	776		(395)		381		3
Patents	2,226		(375)		1,851		3-19
Total intangible assets	$	114,806	$	(68,420)	$	46,386

Schedule of goodwill

The changes in the carrying value of goodwill for the three months ended March 31, 2023 are as follows:

(in thousands)
December 31, 2022	$	124,593
Foreign currency translation impact	582
March 31, 2023	$	125,175