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Intangible Assets, Net and Goodwill | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net and Goodwill | Intangible Assets, Net and Goodwill The following table presents details of purchased intangible assets as of March 31, 2024, and December 31, 2023:
|  | March 31, 2024
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Remaining Weighted-Average Useful Life
|  | (unaudited)
|  | (in thousands) |  | (in years)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |
Acquired license |  | $ | 11,886 |  |  | $ | (4,962) |  |  | $ | 6,924 |  |  | 6.5
Non-compete agreements and other covenant rights |  | 5,100 |  |  | (3,797) |  |  | 1,303 |  |  | 1.7
Acquired technology |  | 1,600 |  |  | (1,533) |  |  | 67 |  |  | 0.1
Total intangible assets subject to amortization |  | $ | 18,586 |  |  | $ | (10,292) |  |  | $ | 8,294 |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  | 3,290 |  |  | — |  |  | 3,290 |  |  |
Total purchased intangible assets |  | $ | 21,876 |  |  | $ | (10,292) |  |  | $ | 11,584 |  |  |
|  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Remaining Weighted-Average Useful Life
|  | (in thousands) |  | (in years)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |
Acquired license |  | $ | 11,886 |  |  | $ | (4,686) |  |  | $ | 7,200 |  |  | 6.8
Non-compete agreements and other covenant rights |  | 5,100 |  |  | (3,588) |  |  | 1,512 |  |  | 1.9
Acquired technology |  | 1,600 |  |  | (1,333) |  |  | 267 |  |  | 0.3
Total intangible assets subject to amortization |  | $ | 18,586 |  |  | $ | (9,607) |  |  | $ | 8,979 |  |  |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |
Goodwill |  | 3,290 |  |  | — |  |  | 3,290 |  |  |
Total purchased intangible assets |  | $ | 21,876 |  |  | $ | (9,607) |  |  | $ | 12,269 |  |  |
Amortization of finite-lived intangible assets was $0.7 million and $0.7 million for the three months ended March 31, 2024, and 2023, respectively. The following table summarizes estimated future amortization expense of finite-lived intangible assets, net:
Year Ending December 31, |  |
|  | (unaudited)
|  | (in thousands)
Remainder of 2024 |  | $ | 1,534 |
2025 |  | 1,670 |
2026 |  | 1,212 |
2027 |  | 1,107 |
2028 |  | 1,109 |
2029 and thereafter |  | 1,662 |
Total |  | $ | 8,294 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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