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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company’s goodwill as of December 31, 2023 and December 31, 2022 was as follows:
GoodwillDecember 31,
2023		December 31,
2022
(In thousands)
Goodwill, beginning of period$213,559 $181,254 
Goodwill acquired— 33,354 
Currency translation adjustment1,003 (1,049)
Goodwill, end of period$214,562 $213,559 
The Company’s purchased intangible assets as of December 31, 2023 and December 31, 2022 were as follows:
December 31, 2023December 31, 2022
GrossAdditionsAccumulated AmortizationImpairmentNetGrossAdditionsAccumulated AmortizationNet
(In thousands)
Intangible assets:
Other indefinite-lived intangibles$286 $— $— $— $286 $286 $— $— $286 
Intangible assets with finite lives:
 Developed technology51,044 — (27,093)— 23,951 38,650 12,394 (17,260)33,784 
 Customer relationships55,106 — (29,527)(3,807)21,772 41,021 14,085 (19,702)35,404 
 Trade names37,700 — (15,173)— 22,527 37,700 — (7,633)30,067 
 Order backlog600 — (600)— — 600 — (600)— 
Total purchased intangible assets$144,736 $— $(72,393)$(3,807)$68,536 $118,257 $26,479 $(45,195)$99,541 
During the year ended December 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:
Years Ended December 31,
20232022
(In thousands)
Developed technology$9,832 $8,303 
Customer relationships
9,826 8,253 
Trade names7,540 7,540 
Order backlog— 600 
Total amortization expense
$27,198 $24,696 
Amortization of developed technology is recorded to cost of revenues, 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 December 31, 2023 is presented below:
December 31,
2023
(In thousands)
Fiscal year:
2024$22,745 
202521,420 
202619,131 
20274,954 
Total$68,250 
During the year ended December 31, 2023, the Company determined that a triggering event had occurred as a result of changes to the Company’s long-term projections and performed additional analysis on the valuation of the acquired customer relationship asset and concluded that the fair value was below its carrying amount. Accordingly, the Company recorded an impairment charge for the customer relationship asset of $3.8 million in “Restructuring and asset impairment charges” in the consolidated statement of operations for the year ended December 31, 2023.