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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consist of the following:
December 31, 2024December 31, 2023
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 technology5.8$121,893 $(33,609)$88,284 6.3$106,512 $(17,876)$88,636 
Software licenses2.823,706 (6,243)17,463 1.023,745 (18,828)4,917 
Customer relationships7.643,159 (9,118)34,041 9.441,441 (5,156)36,285 
Intellectual property licenses0.81,947 (1,736)211 0.31,911 (1,736)175 
Trade names4.926,301 (7,496)18,805 6.025,970 (4,311)21,659 
Backlog0.62,296 (1,683)613 1.21,570 (700)870 
Effect of exchange rate on gross carrying amount(6,662)— (6,662)(917)— (917)
Intangible assets with finite lives212,640 (59,885)152,755 200,232 (48,607)151,625 
IPR&D57,390 — 57,390 56,508 — 56,508 
Effect of exchange rate on gross carrying amount(1,201)— (1,201)1 — 1 
Total intangible assets with indefinite lives56,189 — 56,189 56,509 — 56,509 
Total intangible assets$268,829 $(59,885)$208,944 $256,741 $(48,607)$208,134 
The Company obtained software licenses, which it uses for its research and development efforts related to its products. In both fiscal 2024 and 2023, the Company acquired developed technology, customer relationships, trade names, backlog and IPR&D as a result of business combinations. See Note 3 — Business Combinations for additional information. Further, during the year ended December 31, 2024, the Company acquired $20,585 of software licenses with a contractual life of three years and retired fully amortized intangible assets of $20,345 of software licenses.
Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. The Company monitors and assesses these assets for impairment on a periodic basis. For the years ended December 31, 2024, 2023, and 2022, the Company determined that there were no impairment of intangible assets.
Amortization of intangible assets for the years ended December 31, 2024, 2023 and 2022 was $33,244, $26,481, and $11,644, respectively, and is included within Cost of goods sold, Research and development expenses, and Selling, general and administrative expenses based on their respective nature, in the consolidated statements of operations.
Based on the amount of definite-lived intangible assets subject to amortization as of December 31, 2024, amortization expense for each of the next five fiscal years is expected to be as follows:
2025$31,194 
202629,215 
202723,087 
202819,239 
20296,340 
Thereafter43,680 
Total$152,755