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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill as of March 31, 2024 and December 31, 2023 was as follows:
Goodwill | March 31, 2024 |  | December 31, 2023
| (In thousands)
Goodwill, beginning of period | $ | 214,562 |  |  | $ | 213,559 |
Currency translation adjustment | (937) |  |  | 1,003 |
Goodwill, end of period | $ | 213,625 |  |  | $ | 214,562 |
The Company’s purchased intangible assets as of March 31, 2024 and December 31, 2023 were as follows:
| March 31, 2024 |  | December 31, 2023
| Gross |  | Additions |  | Accumulated Amortization |  |  |  | Net |  | Gross |  | Additions |  |  |  | Accumulated Amortization |  | Impairment |  | Net
| (In thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other indefinite-lived intangibles | $ | 286 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 286 |  |  | $ | 286 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 286 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 51,054 |  |  | — |  |  | (29,560) |  |  |  |  | 21,494 |  |  | 51,044 |  |  | — |  |  |  |  | (27,093) |  |  | — |  |  | 23,951 |
Customer relationships | 51,306 |  |  | — |  |  | (31,103) |  |  |  |  | 20,203 |  |  | 55,106 |  |  | — |  |  |  |  | (29,527) |  |  | (3,807) |  |  | 21,772 |
Trade names | 37,700 |  |  | — |  |  | (17,058) |  |  |  |  | 20,642 |  |  | 37,700 |  |  | — |  |  |  |  | (15,173) |  |  | — |  |  | 22,527 |
Total purchased intangible assets | $ | 140,346 |  |  | $ | — |  |  | $ | (77,721) |  |  |  |  | $ | 62,625 |  |  | $ | 144,136 |  |  | $ | — |  |  |  |  | $ | (71,793) |  |  | $ | (3,807) |  |  | $ | 68,536 |
During the three months ended March 31, 2024, intangible assets decreased 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,
|  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  | (In thousands)
Developed technology |  |  |  |  | $ | 2,467 |  |  | $ | 2,455 |  |  |
Customer relationships |  |  |  |  | 1,576 |  |  | 2,454 |  |  |
Trade names |  |  |  |  | 1,885 |  |  | 1,885 |  |  |
Total amortization expense |  |  |  |  | $ | 5,928 |  |  | $ | 6,794 |  |  |
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 March 31, 2024 is presented below:
| March 31, 2024
| (In thousands)
Fiscal year: |
2024 (remaining nine months) | $ | 16,811 |
2025 | 21,397 |
2026 | 19,108 |
2027 | 5,023 |
Total | $ | 62,339 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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