GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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

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

During the three months ended March 31, 2023, intangible assets acquired increased by less than $0.1 million due to the impact of foreign currency translation.

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

Amortization of developed technology is recorded to cost of sales, amortization of customer relationships and trade names are recorded to sales and marketing expense, and amortization of certain customer relationships is recorded as a reduction to revenue.

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