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Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2023

Intangible Assets and Goodwill

Schedule reflecting the composition of intangible assets and goodwill

The following table presents the composition of the Company’s intangible assets and goodwill (in thousands):


		Weighted-		As of September 30, 2023									As of December 31, 2022
		Average		Gross									Gross
		Amortization		Carrying			Accumulated			Net			Carrying			Accumulated			Net
		Period		Amount			Amortization			Amount			Amount			Amortization			Amount
Developed technology		11.4		$	252,200			(85,147)			167,053			252,200			(68,577)			183,623
Customer relationships		5.0			14,100			(10,869)			3,231			14,100			(8,754)			5,346
Intangible assets subject to amortization					266,300			(96,016)			170,284			266,300			(77,331)			188,969

In-process research and development		Indefinite		$	118,900			-			118,900			118,900			-			118,900

Total				$	385,200		$	(96,016)		$	289,184		$	385,200		$	(77,331)		$	307,869

Goodwill		Indefinite		$	66,134			-			66,134			66,134			-			66,134

Schedule of expected amortization of finite-lived intangible assets

As of September 30, 2023, expected amortization expense for unamortized finite-lived intangible assets for the next five years and thereafter is as follows (in thousands):


		Amortization Expense
Remainder of 2023		$	6,228
2024			24,618
2025			22,092
2026			22,092
2027			22,081
Thereafter			73,173
Total amortization		$	170,284