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Goodwill and intangible assets, net
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets, net
5.
Goodwill and intangible assets, net
 
Goodwill
 
The following table represents the changes in the carrying amounts of the Company’s total goodwill:
 
   
Carrying Amount
  
   
(in thousands)
  
Balance as of December 31, 2023
  
$
367,566
  
Addition from acquisitions
    
-
  
Balance as of December 31, 2024
  
$
367,566
  
 
Intangible assets, net
 
   
December 31,
  
   
2023
    
2024
  
Cost:
  
(in thousands)
  
             
Technology
  
$
63,677
    
$
63,677
  
Customer relations
    
27,856
      
27,856
  
Partnership Agreement
    
11,366
      
11,366
  

Marketing Asset

    
19,263
      
19,263
  
Trademark
    
731
      
731
  

GTS Duty Calculator

    
3,398
      
3,398
  
 
                
   
$
126,291
    
$
126,291
  
 Less - accumulated amortization:
                
                 
Technology
    
(20,362
)
    
(29,978
)
Customer relations
    
(17,065
)
    
(20,135
)
Partnership Agreement
    
(3,778
)
    
(5,673
)

Marketing Asset

    
(5,768
)
    
(9,620
)

Others 

    
(1,294
)
    
(1,673
)
Total accumulated amortization
  
$
(48,267
)
  
$
(67,079
)
 
                
Intangible assets, net
  
$
78,024
    
$
59,212
  
 
Estimated amortization expense as of December 31, 2024, were as follows:
 
   
(in thousands)
  
Year Ending December 31,
      
2025
  
$
17,607
  
2026
    
17,607
  
2027
    
14,165
  
2028
    
8,840
  
2029
    
425
  
Thereafter
    
568
  
         
 
  
$
59,212
  
 
Amortization expense related to intangible assets, net was included in the following line items in the consolidated statements of comprehensive loss:
 
   
December 31,
  
   
2023
    
2024
  
   
(in thousands)
  
       
Cost of revenues
  
$
11,183
    
$
9,994
  
Selling and marketing
    
9,251
      
8,818
  
                 
 
  
$
20,434
    
$
18,812