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INTANGIBLE ASSETS AND GOODWILL

9 Months Ended

Sep. 30, 2024

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

NOTE 10. INTANGIBLE ASSETS AND GOODWILL

Intangible assets consisted of the following:


		September 30, 2024
		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
		Amount			Amortization			Amount			Useful Life (in years)
Technology		$	100,988		$	(69,407)		$	31,581		7.1
Customer relationships			170,486			(68,944)			101,542		8.8
Trademarks and other			27,219			(15,052)			12,167		4.9
Total		$	298,693		$	(153,403)		$	145,290		8.1

		December 31, 2023
		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
		Amount			Amortization			Amount			Useful Life (in years)
Technology		$	97,961		$	(60,412)		$	37,549		6.8
Customer relationships			168,685			(58,835)			109,850		9.5
Trademarks and other			27,141			(13,062)			14,079		5.6
Total		$	293,787		$	(132,309)		$	161,478		8.5

Amortization expense related to intangible assets is as follows:


		Three Months Ended September 30,						Nine Months Ended September 30,
		2024			2023			2024			2023
Amortization expense		$	6,772		$	7,049		$	20,519		$	21,186

Estimated future amortization expense related to intangibles is as follows:


Year Ending December 31,
2024 (remaining)		$	5,573
2025			22,148
2026			20,063
2027			17,815
2028			16,569
Thereafter			63,122
Total		$	145,290

The following table summarizes the changes in goodwill:


December 31, 2023		$	283,840
Additions from acquisition			16,601
Foreign currency translation and other			(1,405)
September 30, 2024		$	299,036