Identifiable Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

	December 31,
(in thousands)	2023			2022			Estimated Useful Life	Weighted- Average Amortization Period
Acquired developed technology	$	119,800		$	119,800		3 - 7 years	4.40 years
Internally developed software costs		34,735			30,515		3 years	2.13 years
Customer relationships		14,510			12,360		7 years	4.60 years
Trade names		1,410			1,410		2 - 5 years	1.00 year
Non-competition agreements		30			30		1 year	1.00 year
		170,485			164,115
Impact of currency translation on intangible assets		1,399			304
Less: accumulated amortization		(87,001	)		(62,508	)
	$	84,883		$	101,911
Internally developed software costs not meeting general release threshold		2,886			2,105
Trademarks, trade names (non-amortizable)		6,200			6,200		Indefinite
	$	93,969		$	110,216

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 costs not meeting the general release threshold, is as follows (in thousands):

2024	$	22,790
2025		20,869
2026		18,857
2027		15,193
2028		7,174
Thereafter		—
Total	$	84,883

Schedule of Amortization Expense

Amortization expense for identifiable intangible assets was allocated as follows:

(in thousands)	2023			2022			2021
Amortization of acquired developed technology	$	16,281		$	15,307		$	11,978
Amortization of internally developed software		6,167			6,349			5,266
Amortization of identifiable intangible assets recorded in cost of sales	$	22,448		$	21,656		$	17,244
Amortization expense recorded in operating expense		1,858			1,863			1,825
Impact of currency translation on intangible assets		(909	)		(304	)		—

Schedule of Goodwill

The following table presents the goodwill activities for the periods presented:

(in thousands)
Beginning balance - December 31, 2021	$	456,570
Q1 2022 Acquisition		1,212
MENU Acquisition		28,495
Punchh Acquisition ASC 805 measurement period adjustment		(1,085	)
Foreign currency translation		834
Balance - December 31, 2022		486,026
Foreign currency translation		2,892
Ending balance - December 31, 2023	$	488,918

Refer to “Note 2 - Acquisitions” for additional information on goodwill recognized in acquisitions