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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The Company’s goodwill as of March 31, 2023 and December 31, 2022 were as follows:
Goodwill | March 31, 2023 |  | December 31, 2022
| (In thousands)
Goodwill, beginning of period | $ | 213,559 |  |  | $ | 181,254 |
Goodwill acquired | — |  |  | 33,354 |
Currency translation adjustment | 323 |  |  | (1,049) |
Goodwill, end of period | $ | 213,882 |  |  | $ | 213,559 |
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class | The Company’s purchased intangible assets as of March 31, 2023 and December 31, 2022 were as follows:
| March 31, 2023 |  | December 31, 2022
| Gross |  | Additions |  | Accumulated Amortization |  | Net |  | Gross |  | Additions |  |  |  | Accumulated Amortization |  | Net
| (In thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other indefinite-lived intangibles | $ | 286 |  |  | $ | — |  |  | $ | — |  |  | $ | 286 |  |  | $ | 286 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 286 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 51,044 |  |  | — |  |  | (19,710) |  |  | 31,334 |  |  | 38,650 |  |  | 12,394 |  |  |  |  | (17,260) |  |  | 33,784 |
Customer relationships | 55,106 |  |  | — |  |  | (22,152) |  |  | 32,954 |  |  | 41,021 |  |  | 14,085 |  |  |  |  | (19,702) |  |  | 35,404 |
Trade names | 37,700 |  |  | — |  |  | (9,518) |  |  | 28,182 |  |  | 37,700 |  |  | — |  |  |  |  | (7,633) |  |  | 30,067 |
Order backlog | 600 |  |  | — |  |  | (600) |  |  | — |  |  | 600 |  |  | — |  |  |  |  | (600) |  |  | — |
Total purchased intangible assets | $ | 144,736 |  |  | $ | — |  |  | $ | (51,980) |  |  | $ | 92,756 |  |  | $ | 118,257 |  |  | $ | 26,479 |  |  |  |  | $ | (45,195) |  |  | $ | 99,541 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | The Company’s purchased intangible assets as of March 31, 2023 and December 31, 2022 were as follows:
| March 31, 2023 |  | December 31, 2022
| Gross |  | Additions |  | Accumulated Amortization |  | Net |  | Gross |  | Additions |  |  |  | Accumulated Amortization |  | Net
| (In thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other indefinite-lived intangibles | $ | 286 |  |  | $ | — |  |  | $ | — |  |  | $ | 286 |  |  | $ | 286 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 286 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 51,044 |  |  | — |  |  | (19,710) |  |  | 31,334 |  |  | 38,650 |  |  | 12,394 |  |  |  |  | (17,260) |  |  | 33,784 |
Customer relationships | 55,106 |  |  | — |  |  | (22,152) |  |  | 32,954 |  |  | 41,021 |  |  | 14,085 |  |  |  |  | (19,702) |  |  | 35,404 |
Trade names | 37,700 |  |  | — |  |  | (9,518) |  |  | 28,182 |  |  | 37,700 |  |  | — |  |  |  |  | (7,633) |  |  | 30,067 |
Order backlog | 600 |  |  | — |  |  | (600) |  |  | — |  |  | 600 |  |  | — |  |  |  |  | (600) |  |  | — |
Total purchased intangible assets | $ | 144,736 |  |  | $ | — |  |  | $ | (51,980) |  |  | $ | 92,756 |  |  | $ | 118,257 |  |  | $ | 26,479 |  |  |  |  | $ | (45,195) |  |  | $ | 99,541 |
Schedule of Amortization Expense | Amortization expense related to finite-lived intangible assets were as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022 |  |
|  |  |  | (In thousands)
Developed technology |  |  |  |  | $ | 2,455 |  |  | $ | 1,866 |  |  |
Customer relationships |  |  |  |  | 2,454 |  |  | 1,758 |  |  |
Trade names |  |  |  |  | 1,885 |  |  | 1,885 |  |  |
Order backlog |  |  |  |  | — |  |  | 277 |  |  |
Total amortization expense |  |  |  |  | $ | 6,794 |  |  | $ | 5,786 |  |  |
The expected future amortization expense of intangible assets as of March 31, 2023 is presented below (in thousands):
| March 31, 2023
Fiscal year: |
2023 (remaining nine months) | $ | 20,369 |
2024 | 24,356 |
2025 | 23,032 |
2026 | 19,473 |
2027 | 5,217 |
Thereafter | 23 |
Total | $ | 92,470 |

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