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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The Company’s goodwill as of September 30, 2024 and December 31, 2023 was as follows:
Goodwill | September 30, 2024 |  | December 31, 2023
| (In thousands)
Goodwill, beginning of period | $ | 214,562 |  |  | $ | 213,559 |
Currency translation adjustment | (270) |  |  | 1,003 |
Goodwill, end of period | $ | 214,292 |  |  | $ | 214,562 |
Summary of Acquired Indefinite-lived Intangible Assets by Major Class | The Company’s purchased intangible assets as of September 30, 2024 and December 31, 2023 were as follows:
| September 30, 2024 |  | December 31, 2023
| Gross |  |  |  | Accumulated Amortization |  |  |  | Net |  | Gross |  |  |  |  |  | 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 |  |  |  |  | (34,118) |  |  |  |  | 16,936 |  |  | 51,044 |  |  |  |  |  |  | (27,093) |  |  | — |  |  | 23,951 |
Customer relationships | 51,306 |  |  |  |  | (34,248) |  |  |  |  | 17,058 |  |  | 55,106 |  |  |  |  |  |  | (29,527) |  |  | (3,807) |  |  | 21,772 |
Trade names | 37,700 |  |  |  |  | (20,828) |  |  |  |  | 16,872 |  |  | 37,700 |  |  |  |  |  |  | (15,173) |  |  | — |  |  | 22,527 |
Total purchased intangible assets | $ | 140,346 |  |  |  |  | $ | (89,194) |  |  |  |  | $ | 51,152 |  |  | $ | 144,136 |  |  |  |  |  |  | $ | (71,793) |  |  | $ | (3,807) |  |  | $ | 68,536 |
Summary of Acquired Finite-Lived Intangible Assets by Major Class | The Company’s purchased intangible assets as of September 30, 2024 and December 31, 2023 were as follows:
| September 30, 2024 |  | December 31, 2023
| Gross |  |  |  | Accumulated Amortization |  |  |  | Net |  | Gross |  |  |  |  |  | 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 |  |  |  |  | (34,118) |  |  |  |  | 16,936 |  |  | 51,044 |  |  |  |  |  |  | (27,093) |  |  | — |  |  | 23,951 |
Customer relationships | 51,306 |  |  |  |  | (34,248) |  |  |  |  | 17,058 |  |  | 55,106 |  |  |  |  |  |  | (29,527) |  |  | (3,807) |  |  | 21,772 |
Trade names | 37,700 |  |  |  |  | (20,828) |  |  |  |  | 16,872 |  |  | 37,700 |  |  |  |  |  |  | (15,173) |  |  | — |  |  | 22,527 |
Total purchased intangible assets | $ | 140,346 |  |  |  |  | $ | (89,194) |  |  |  |  | $ | 51,152 |  |  | $ | 144,136 |  |  |  |  |  |  | $ | (71,793) |  |  | $ | (3,807) |  |  | $ | 68,536 |
Summary of Amortization Expense | Amortization expense related to finite-lived intangible assets were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
| (In thousands)
Developed technology | $ | 2,100 |  |  | $ | 2,456 |  |  | $ | 7,025 |  |  | $ | 7,366 |  |  |
Customer relationships | 1,578 |  |  | 2,456 |  |  | 4,721 |  |  | 7,364 |  |  |
Trade names | 1,885 |  |  | 1,885 |  |  | 5,655 |  |  | 5,655 |  |  |
Total amortization expense | $ | 5,563 |  |  | $ | 6,797 |  |  | $ | 17,401 |  |  | $ | 20,385 |  |  |
The expected future amortization expense of intangible assets as of September 30, 2024 is presented below:
| September 30, 2024
| (In thousands)
Fiscal year: |
2024 (remaining three months) | $ | 5,373 |
2025 | 21,479 |
2026 | 19,190 |
2027 | 4,824 |
Total | $ | 50,866 |

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