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Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Finite-lived Intangible Assets | The Company’s finite-lived and indefinite-lived intangible assets are summarized as follows (in thousands):
| June 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Useful Life (Years)
Developed technology | $ | 186,132 |  |  | $ | (80,501) |  |  | $ | 105,631 |  |  | 4.3
Customer relationships | 71,050 |  |  | (37,236) |  |  | 33,814 |  |  | 4.8
Total finite-lived intangible assets | 257,182 |  |  | (117,737) |  |  | 139,445 |  |  | 4.5
In-process research and development | 2,848 |  |  | — |  |  | 2,848 |  |  |
Total intangible assets | $ | 260,030 |  |  | $ | (117,737) |  |  | $ | 142,293 |  |  |
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Useful Life (Years)
Developed technology | $ | 166,453 |  |  | $ | (67,221) |  |  | $ | 99,232 |  |  | 4.3
Customer relationships | 66,350 |  |  | (30,884) |  |  | 35,466 |  |  | 4.2
Total finite-lived intangible assets | 232,803 |  |  | (98,105) |  |  | 134,698 |  |  | 4.3
In-process research and development | 2,848 |  |  | — |  |  | 2,848 |  |  |
Total intangible assets | $ | 235,651 |  |  | $ | (98,105) |  |  | $ | 137,546 |  |  |
Summary of Intangible Assets Amortization Expense | The Company estimates that there is no significant residual value related to its finite-lived intangible assets. Amortization expense recorded on the Company’s finite-lived intangible assets is summarized as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue | $ | 6,156 |  |  | $ | 5,493 |  |  | $ | 12,041 |  |  | $ | 10,986 |
Sales and marketing | 3,145 |  |  | 3,106 |  |  | 6,251 |  |  | 6,213 |
Research and development | 665 |  |  | 675 |  |  | 1,340 |  |  | 1,409 |
Total amortization of acquired intangible assets | $ | 9,966 |  |  | $ | 9,274 |  |  | $ | 19,632 |  |  | $ | 18,608 |
Schedule of Goodwill | The following table presents the changes in carrying amount of goodwill during the six months ended June 30, 2024 (in thousands):
Beginning balance | $ | 539,354 |
Additions | 11,333 |
Other adjustments, net(1) | (324) |
Ending balance | $ | 550,363 |
(1) Includes the effect of foreign currency translation

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