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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill as of March 31, 2025 and December 31, 2024 was as follows:
Goodwill | March 31, 2025 |  | December 31, 2024
| (In thousands)
Goodwill, beginning of period | $ | 211,571 |  |  | $ | 214,562 |
Currency translation adjustment | 788 |  |  | (2,991) |
Goodwill, end of period | $ | 212,359 |  |  | $ | 211,571 |
The Company’s purchased intangible assets as of March 31, 2025 and December 31, 2024 were as follows:
| March 31, 2025 |  | December 31, 2024
| Gross |  |  |  | Accumulated Amortization |  |  |  |  |  | Net |  | Gross |  |  |  |  |  | Accumulated Amortization |  | Impairment |  | Net
| (In thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indefinite-lived intangibles | $ | 286 |  |  |  |  | $ | — |  |  |  |  |  |  | $ | 286 |  |  | $ | 286 |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 286 |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 47,683 |  |  |  |  | (37,462) |  |  |  |  |  |  | 10,221 |  |  | 51,054 |  |  |  |  |  |  | (35,903) |  |  | (3,351) |  |  | 11,800 |
Customer relationships | 51,114 |  |  |  |  | (37,315) |  |  |  |  |  |  | 13,799 |  |  | 51,306 |  |  |  |  |  |  | (35,804) |  |  | (177) |  |  | 15,325 |
Trade names | 37,700 |  |  |  |  | (24,598) |  |  |  |  |  |  | 13,102 |  |  | 37,700 |  |  |  |  |  |  | (22,713) |  |  | — |  |  | 14,987 |
Total purchased intangible assets | $ | 136,783 |  |  |  |  | $ | (99,375) |  |  |  |  |  |  | $ | 37,408 |  |  | $ | 140,346 |  |  |  |  |  |  | $ | (94,420) |  |  | $ | (3,528) |  |  | $ | 42,398 |
During the three months ended March 31, 2025, 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,
|  |  |  |  | 2025 |  | 2024 |  |
|  |  |  |  | (In thousands)
Developed technology |  |  |  |  | $ | 1,593 |  |  | $ | 2,467 |  |  |
Customer relationships |  |  |  |  | 1,535 |  |  | 1,576 |  |  |
Trade-names |  |  |  |  | 1,885 |  |  | 1,885 |  |  |
Total amortization expense |  |  |  |  | $ | 5,013 |  |  | $ | 5,928 |  |  |
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, 2025 is presented below:
| March 31, 2025
| (In thousands)
Fiscal year: |
2025 (remaining nine months) | $ | 15,028 |
2026 | 17,843 |
2027 | 4,251 |
Total | $ | 37,122 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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