Identifiable Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

(in thousands)	September 30, 2023		December 31, 2022		Estimated Useful Life	Weighted-Average Amortization Period
Acquired developed technology	$	119,800	$	119,800	3 - 7 years	4.59 years
Internally developed software costs	34,986		32,274		3 years	1.86 years
Customer relationships	12,360		12,360		7 years	4.13 years
Trade names	1,410		1,410		2 - 5 years	1.25 years
Non-competition agreements	30		30		1 year	1 year
	168,586		165,874
Impact of currency translation on intangible assets	430		304
Less: accumulated amortization	(81,879)		(63,386)
	87,137		102,792
Internally developed software costs not meeting general release threshold	3,225		2,105
Trademarks, trade names (non-amortizable)	6,200		6,200		Indefinite
	$	96,562	$	111,097

Schedule of Amortization Expense

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)	2023		2022		2023		2022
Amortization of acquired developed technology	$	4,020	$	4,219	$	12,160	$	11,519
Amortization of internally developed software	1,555		1,749		4,892		5,053
Impact of foreign currency translation on intangible assets	215		—		(126)		—

Schedule of Expected Future Amortization of Intangible Assets

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
2024	21,949
2025	20,328
2026	17,912
2027	14,747
Thereafter	6,112
Total	$	87,137

Schedule of Goodwill

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

(in thousands)
Beginning balance - December 31, 2022	$	486,762
Foreign currency translation	311
Ending balance - September 30, 2023	$	487,073