XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
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:
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 
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, 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 
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, 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 
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,
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 
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