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Intangible Assets Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-lived Intangible Assets

The following table presents details of the Company’s acquired intangible assets as of March 31, 2024 and December 31, 2023 (in thousands, except weighted-average amortization period):

As of March 31, 2024						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(22,020)					$	61,269
Customer relationships						15.0 years						6,434						(2,895)						3,539
Trade secrets and processes						20.0 years						5,256						(1,643)						3,613
Total intangible assets						9.6 years						$	94,979					$	(26,558)					$	68,421

As of December 31, 2023						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(19,640)					$	63,649
Customer relationships						15.0 years						6,579						(2,851)						3,728
Trade secrets and processes						20.0 years						5,256						(1,577)						3,679
Total intangible assets						9.6 years						$	95,124					$	(24,068)					$	71,056

Finite-lived Intangible Assets Amortization Expense

The following table presents the amortization recorded related to the Company’s finite-lived intangible assets for the three months ended March 31, 2024 and 2023 (in thousands):

						Three Months Ended March 31,
						2024						2023
Cost of revenue						$	66					$	66
Sales, general and administrative						2,487						2,486
Total						$	2,553					$	2,552

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

No definition available.

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X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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