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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The Company’s goodwill as of September 30, 2023 and December 31, 2022 were as follows:
Goodwill | September 30, 2023 |  | December 31, 2022
| (In thousands)
Goodwill, beginning of period | $ | 213,559 |  |  | $ | 181,254 |
Goodwill acquired | — |  |  | 33,354 |
Currency translation adjustment | (366) |  |  | (1,049) |
Goodwill, end of period | $ | 213,193 |  |  | $ | 213,559 |
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class | The Company’s purchased intangible assets as of September 30, 2023 and December 31, 2022 were as follows:
| September 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 |  |  | — |  |  | (24,632) |  |  | 26,412 |  |  | 38,650 |  |  | 12,394 |  |  |  |  | (17,260) |  |  | 33,784 |
Customer relationships | 55,106 |  |  | — |  |  | (27,069) |  |  | 28,037 |  |  | 41,021 |  |  | 14,085 |  |  |  |  | (19,702) |  |  | 35,404 |
Trade names | 37,700 |  |  | — |  |  | (13,288) |  |  | 24,412 |  |  | 37,700 |  |  | — |  |  |  |  | (7,633) |  |  | 30,067 |
Order backlog | 600 |  |  | — |  |  | (600) |  |  | — |  |  | 600 |  |  | — |  |  |  |  | (600) |  |  | — |
Total purchased intangible assets | $ | 144,736 |  |  | $ | — |  |  | $ | (65,589) |  |  | $ | 79,147 |  |  | $ | 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 September 30, 2023 and December 31, 2022 were as follows:
| September 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 |  |  | — |  |  | (24,632) |  |  | 26,412 |  |  | 38,650 |  |  | 12,394 |  |  |  |  | (17,260) |  |  | 33,784 |
Customer relationships | 55,106 |  |  | — |  |  | (27,069) |  |  | 28,037 |  |  | 41,021 |  |  | 14,085 |  |  |  |  | (19,702) |  |  | 35,404 |
Trade names | 37,700 |  |  | — |  |  | (13,288) |  |  | 24,412 |  |  | 37,700 |  |  | — |  |  |  |  | (7,633) |  |  | 30,067 |
Order backlog | 600 |  |  | — |  |  | (600) |  |  | — |  |  | 600 |  |  | — |  |  |  |  | (600) |  |  | — |
Total purchased intangible assets | $ | 144,736 |  |  | $ | — |  |  | $ | (65,589) |  |  | $ | 79,147 |  |  | $ | 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
| (In thousands)
Developed technology | $ | 2,456 |  |  | $ | 2,012 |  |  | $ | 7,366 |  |  | $ | 5,888 |  |  |
Customer relationships | 2,456 |  |  | 2,066 |  |  | 7,364 |  |  | 5,891 |  |  |
Trade names | 1,885 |  |  | 1,885 |  |  | 5,655 |  |  | 5,655 |  |  |
Order backlog | — |  |  | — |  |  | — |  |  | 600 |  |  |
Total amortization expense | $ | 6,797 |  |  | $ | 5,963 |  |  | $ | 20,385 |  |  | $ | 18,034 |  |  |
The expected future amortization expense of intangible assets as of September 30, 2023 is presented below:
| September 30, 2023
| (In thousands)
Fiscal year: |
2023 (remaining three months) | $ | 6,795 |
2024 | 24,365 |
2025 | 23,041 |
2026 | 19,482 |
2027 | 5,178 |
Total | $ | 78,861 |

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