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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL Intangible assets During the three months ended June 30, 2024, the Company completed the acquisition of Intelliwave, which was accounted for as a business combination, as described above in Note 6. The Company also acquired another developed technology for $3.9 million, which was accounted for as an asset acquisition. The acquired developed technology has an estimated useful life of four years, and the amortization expense is recorded in cost of revenue on the accompanying condensed consolidated statements of operations and comprehensive loss. 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 |  |  |
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 |
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 The addition to goodwill was due to the acquisition of Intelliwave, as disclosed in Note 6 to these condensed consolidated financial statements. There was no impairment of goodwill during the periods presented.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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