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Identifiable Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2024
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)June 30, 2024December 31, 2023Estimated
Useful Life		Weighted-Average Amortization Period
Acquired developed technology $138,000 $119,800 
3 - 7 years
4.59 years
Internally developed software costs36,605 34,735 3 years2.64 years
Customer relationships53,910 14,510 
5 - 15 years
8.66 years
Trade names1,410 1,410 
2 - 5 years
0.5 years
Non-competition agreements3,530 30 
1 - 5 years
4.75 years
 233,455 170,485  
Impact of currency translation on intangible assets623 1,399 
Less: accumulated amortization(101,106)(87,001) 
 132,972 84,883  
Internally developed software costs not meeting general release threshold3,720 2,886 
Trademarks, trade names (non-amortizable)11,600 6,200 Indefinite
 $148,292 $93,969 

Software costs placed into service during the three months ended June 30, 2024 and 2023, were $1.5 million and $1.4 million, respectively. Software costs placed into service during the six months ended June 30, 2024 and 2023, were $1.9 million and $2.2 million, respectively.

The following table summarizes amortization expense for acquired developed technology and internally developed software:

Three Months Ended June 30,Six Months Ended
June 30,
(in thousands)2024202320242023
Amortization of acquired developed technology$4,717 $4,092 $8,968 $8,171 
Amortization of internally developed software1,192 1,507 2,423 3,147 
Amortization of identifiable intangible assets recorded in cost of sales5,909 5,599 11,391 11,318 
Amortization expense recorded in operating expenses1,946 465 2,878 929 
Impact of foreign currency translation on intangible assets(29)(212)611 (341)
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:

(in thousands)
2024, remaining$15,424 
202529,447 
202627,435 
202723,335 
202813,584 
Thereafter23,747 
Total$132,972 

Goodwill carried is as follows:

(in thousands)20242023
Beginning balance - January 1$488,918 $486,026 
Stuzo Acquisition137,008 — 
Foreign currency translation(2,051)885 
Ending balance - June 30$623,875 $486,911