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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in carrying amount of goodwill
The following tables present goodwill information for the three months ended March 31, 2024:
(In thousands)As of December 31, 2023Adjustments to
Goodwill
As of March 31, 2024
Total goodwill$286,812 $— $286,812 
Components of intangible assets
The components of the Company’s intangible assets as of March 31, 2024 and December 31, 2023 were as follows:
  As of March 31, 2024
(In thousands)Useful LifeGross Carrying
Amount
Accumulated
 Amortization
Net Carrying
 Amount
Existing technology
3 to 10 years
$286,712 $(268,854)$17,858 
Customer contracts and contractual relationships
0.5 to 10 years
37,496 (37,236)260 
Trademarks
3 years
300 (300)— 
In-process research and development (“IPR&D”)Not applicable7,400 — 7,400 
Total intangible assets $331,908 $(306,390)$25,518 
  As of December 31, 2023
(In thousands)Useful Life
Gross Carrying
 Amount
Accumulated
 Amortization
Net Carrying
 Amount
Existing technology
3 to 10 years
$286,712 $(265,756)$20,956 
Customer contracts and contractual relationships
0.5 to 10 years
37,496 (37,083)413 
Trademarks
3 years
300 (300)— 
IPR&DNot applicable7,400 — 7,400 
Total intangible assets $331,908 $(303,139)$28,769 
Estimated future amortization of intangible assets
The estimated future amortization of intangible assets as of March 31, 2024 was as follows (in thousands):
Years Ending December 31:Amount
2024 (remaining nine months)$8,494 
20255,426 
20263,738 
2027460 
Total amortizable purchased intangible assets18,118 
IPR&D7,400 
Total intangible assets$25,518