Goodwill and Intangible Assets, net (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill consisted of the following (in thousands):

Balance as of December 31, 2023	$	49,238
Goodwill impairment (accumulated impairment loss)	(47,858)
Impact of foreign currency translation	(1,380)
Balance as of June 30, 2024	$	—

Schedule of Intangible Assets

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

	Gross Carrying Value (1)		Accumulated Amortization (1)		Net Carrying Value		Weighted Average Amortization Period (in Years)
June 30, 2024:
Developed technology	$	121,206	$	(30,628)	$	90,578	7.4
Customer relationships	380		(356)		24		0.2
Assembled workforce	190		(190)		—		0.0
Total intangible assets	$	121,776	$	(31,174)	$	90,602
December 31, 2023:
Developed technology	$	105,279	$	(22,663)	$	82,616	8.8
Customer relationships	380		(261)		119		0.9
Assembled workforce	190		(184)		6		0.3
Total intangible assets	$	105,849	$	(23,108)	$	82,741

(1)The gross carrying value and accumulated amortization balances include the impact of cumulative foreign currency translation adjustments.

Schedule of Estimated Future Amortization Expense

Amortization expense was $4.9 million and $4.0 million for the three months ended June 30, 2024 and 2023, respectively, and $8.4 million and $8.3 million for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, estimated future amortization expense for identifiable intangible assets is as follows (in thousands):

Remainder of 2024	$	9,798
2025	19,550
2026	19,550
2027	11,914
2028	3,287
Thereafter	26,503
Total	$	90,602