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Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets, Net

Intangible assets, net consist of the following:

 

 

June 30, 2025

 

 

December 31, 2024

 

 

Weighted
Average
Remaining
Useful Life

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted
Average
Remaining
Useful Life

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Developed technology

 

 

5.8

 

 

$

129,494

 

 

$

(43,431

)

 

$

86,063

 

 

 

5.8

 

 

$

121,893

 

 

$

(33,609

)

 

$

88,284

 

Software licenses

 

 

2.2

 

 

 

20,423

 

 

 

(9,674

)

 

$

10,749

 

 

 

2.8

 

 

 

23,706

 

 

 

(6,243

)

 

$

17,463

 

Customer relationships

 

 

7.5

 

 

 

43,159

 

 

 

(11,943

)

 

$

31,216

 

 

 

7.6

 

 

 

43,159

 

 

 

(9,118

)

 

$

34,041

 

Intellectual property licenses

 

 

0.3

 

 

 

1,953

 

 

 

(1,736

)

 

$

217

 

 

 

0.8

 

 

 

1,947

 

 

 

(1,736

)

 

$

211

 

Trade names

 

 

4.6

 

 

 

26,301

 

 

 

(9,742

)

 

$

16,559

 

 

 

4.9

 

 

 

26,301

 

 

 

(7,496

)

 

$

18,805

 

Backlog

 

 

0.3

 

 

 

2,296

 

 

 

(2,234

)

 

$

62

 

 

 

0.6

 

 

 

2,296

 

 

 

(1,683

)

 

$

613

 

Effect of exchange rate on gross carrying amount

 

 

 

 

 

3,612

 

 

 

 

 

$

3,612

 

 

 

 

 

 

(6,662

)

 

 

 

 

$

(6,662

)

Intangible assets with finite lives

 

 

 

 

 

227,238

 

 

 

(78,760

)

 

 

148,478

 

 

 

 

 

 

212,640

 

 

 

(59,885

)

 

 

152,755

 

IPR&D

 

 

 

 

 

49,790

 

 

 

 

 

$

49,790

 

 

 

 

 

 

57,390

 

 

 

 

 

$

57,390

 

Effect of exchange rate on gross carrying amount

 

 

 

 

 

272

 

 

 

 

 

$

272

 

 

 

 

 

 

(1,201

)

 

 

 

 

$

(1,201

)

Total intangible assets with indefinite lives

 

 

 

 

 

50,062

 

 

 

 

 

 

50,062

 

 

 

 

 

 

56,189

 

 

 

 

 

 

56,189

 

Total intangible assets

 

 

 

 

$

277,300

 

 

$

(78,760

)

 

$

198,540

 

 

 

 

 

$

268,829

 

 

$

(59,885

)

 

$

208,944

 

Schedule of Future Amortization Expense

Based on the amount of definite-lived intangible assets subject to amortization as of June 30, 2025, amortization expense for each of the next five fiscal years is expected to be as follows:

 

2025 (remaining 6 months)

 

$

15,919

 

2026

 

 

29,680

 

2027

 

 

24,141

 

2028

 

 

21,107

 

2029

 

 

19,418

 

Thereafter

 

 

38,213

 

Total

 

$

148,478