GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETSThe Company’s goodwill as of June 30, 2023 and December 31, 2022 were as follows:


Goodwill	June 30, 2023		December 31, 2022

	(In thousands)
Goodwill, beginning of period	$	213,559	$	181,254
Goodwill acquired	—		33,354
Currency translation adjustment	731		(1,049)
Goodwill, end of period	$	214,290	$	213,559

The Company’s purchased intangible assets as of June 30, 2023 and December 31, 2022 were as follows:


	June 30, 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		—		(22,166)		28,878		38,650		12,394		(17,260)		33,784
Customer relationships	55,106		—		(24,607)		30,499		41,021		14,085		(19,702)		35,404
Trade names	37,700		—		(11,403)		26,297		37,700		—		(7,633)		30,067
Order backlog	600		—		(600)		—		600		—		(600)		—

Total purchased intangible assets	$	144,736	$	—	$	(58,776)	$	85,960	$	118,257	$	26,479	$	(45,195)	$	99,541

During the three months ended June 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022

	(In thousands)
Developed technology	$	2,455	$	2,010	$	4,910	$	3,876
Customer relationships	2,454		2,067		4,908		3,825
Trade names	1,885		1,885		3,770		3,770
Order backlog	—		323		—		600
Total amortization expense	$	6,794	$	6,285	$	13,588	$	12,071

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 June 30, 2023 is presented below (in thousands):


	June 30, 2023

Fiscal year:
2023 (remaining six months)	$	13,585
2024	24,538
2025	23,032
2026	19,473
2027	5,046

Total	$	85,674