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Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Goodwill
The following tables present goodwill information for the six months ended June 30, 2024:
(In thousands)As of December 31, 2023Adjustments to
Goodwill
As of June 30, 2024
Total goodwill$286,812 $— $286,812 
Intangible Assets, Net
The components of the Company’s intangible assets as of June 30, 2024 and December 31, 2023 were as follows:
  As of June 30, 2024
(In thousands)Useful LifeGross Carrying
Amount
Accumulated
 Amortization
Net Carrying
 Amount
Existing technology
3 to 10 years
$286,712 $(271,948)$14,764 
Customer contracts and contractual relationships
0.5 to 10 years
37,496 (37,381)115 
Trademarks
3 years
300 (300)— 
In-process research and development (“IPR&D”)Not applicable7,400 — 7,400 
Total intangible assets $331,908 $(309,629)$22,279 
  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 
Amortization expense for intangible assets for the three and six months ended June 30, 2024 was $3.2 million and $6.5 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2023 was $3.9 million and $7.9 million, respectively.
The estimated future amortization of intangible assets as of June 30, 2024 was as follows (in thousands):
Years Ending December 31:Amount
2024 (remaining six months)$5,262 
20255,423 
20263,735 
2027459 
Total amortizable purchased intangible assets14,879 
IPR&D7,400 
Total intangible assets$22,279