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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company’s goodwill as of September 30, 2024 and December 31, 2023 was as follows:
GoodwillSeptember 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 
The Company’s purchased intangible assets as of September 30, 2024 and December 31, 2023 were as follows:
September 30, 2024December 31, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationImpairmentNet
(In thousands)
Intangible assets:
Other indefinite-lived intangibles$286 $— $286 $286 $— $— $286 
Intangible assets with finite lives:
 Developed technology51,054 (34,118)16,936 51,044 (27,093)— 23,951 
 Customer relationships51,306 (34,248)17,058 55,106 (29,527)(3,807)21,772 
 Trade names37,700 (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 
During the nine months ended September 30, 2024, intangible assets 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
September 30,		Nine Months Ended
September 30,
2024202320242023
(In thousands)
Developed technology$2,100 $2,456 $7,025 $7,366 
Customer relationships
1,578 2,456 4,721 7,364 
Trade names1,885 1,885 5,655 5,655 
Total amortization expense
$5,563 $6,797 $17,401 $20,385 
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.
Finite-lived intangible assets are tested for impairment whenever an event occurs or circumstances indicate that the carrying amount of an asset (asset group) may not be recoverable. An impairment loss is recognized when the carrying amount of an asset group exceeds the estimated undiscounted cash flows. As of September 30, 2024, the balance of customer intangible relationship assets is $17.1 million, which includes $7.6 million related to one customer that filed for Chapter 11 bankruptcy during the three months ended September 30, 2024. Management has evaluated that the carrying amount of that asset as of September 30, 2024 is recoverable and will continue to evaluate the impacts on its financial statements as more information is publicly available.
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 
202521,479 
202619,190 
20274,824 
Total$50,866