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Identifiable Intangible Assets and Goodwill
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Identifiable Intangible Assets and Goodwill Identifiable Intangible Assets and Goodwill
The Company's identifiable intangible assets represent intangible assets acquired in acquisitions and software development costs. The components of identifiable intangible assets are:
(in thousands)September 30, 2023December 31, 2022Estimated
Useful Life
Weighted-Average Amortization Period
Acquired developed technology $119,800 $119,800 
3 - 7 years
4.59 years
Internally developed software costs34,986 32,274 3 years1.86 years
Customer relationships12,360 12,360 7 years4.13 years
Trade names1,410 1,410 
2 - 5 years
1.25 years
Non-competition agreements30 30 1 year1 year
 168,586 165,874  
Impact of currency translation on intangible assets430 304 
Less: accumulated amortization(81,879)(63,386) 
 87,137 102,792  
Internally developed software costs not meeting general release threshold3,225 2,105 
Trademarks, trade names (non-amortizable)6,200 6,200 Indefinite
 $96,562 $111,097 

Software costs placed into service during the three months ended September 30, 2023 and 2022, were $0.4 million and $1.4 million, respectively. Software costs placed into service during the nine months ended September 30, 2023 and 2022, were $2.7 million and $4.3 million, respectively.
The following table summarizes amortization expense for acquired developed technology and internally developed software:

Three Months Ended September 30,Nine Months Ended
September 30,
(in thousands)2023202220232022
Amortization of acquired developed technology$4,020 $4,219 $12,160 $11,519 
Amortization of internally developed software1,555 1,749 4,892 5,053 
Impact of foreign currency translation on intangible assets215 — (126)— 

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold, is as follows:

(in thousands)
2023, remaining$6,089 
202421,949 
202520,328 
202617,912 
202714,747 
Thereafter6,112 
Total$87,137 

Goodwill carried by the Restaurant/Retail and Government segments is as follows:

(in thousands)
Beginning balance - December 31, 2022$486,762 
Foreign currency translation311 
Ending balance - September 30, 2023$487,073