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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill The following table presents the components of net intangible assets (in thousands):
| As of June 30, 2025 |  | As of December 31, 2024
| Weighted Average Useful Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Acquired technology | 4.7 |  | $ | 26,992 |  |  | $ | (15,357) |  |  | $ | 11,635 |  |  | $ | 26,044 |  |  | $ | (11,938) |  |  | $ | 14,106 |
Acquired customer-related | 9.8 |  | 17,633 |  |  | (5,513) |  |  | 12,120 |  |  | 15,852 |  |  | (4,114) |  |  | 11,738 |
Acquired trade names | 5.0 |  | 737 |  |  | (479) |  |  | 258 |  |  | 655 |  |  | (360) |  |  | 295 |
Patents | 10.0 |  | 3,401 |  |  | (2,199) |  |  | 1,202 |  |  | 3,341 |  |  | (2,091) |  |  | 1,250 |
Total | 6.9 |  | $ | 48,763 |  |  | $ | (23,548) |  |  | $ | 25,215 |  |  | $ | 45,892 |  |  | $ | (18,503) |  |  | $ | 27,389 |
In the first quarter of the subsequent annual period in which an intangible asset becomes fully amortized, the gross carrying amount and accumulated amortization are removed from the preceding table. Amortization expense related to intangible assets was $2.0 million and $1.4 million for the three months ended June 30, 2025 and 2024, respectively, and $3.9 million and $2.8 million for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
Remainder of 2025 | $ | 3,295 |
2026 | 5,982 |
2027 | 4,574 |
2028 | 4,096 |
2029 | 2,938 |
Thereafter | 4,330 |
Total expected amortization expense | $ | 25,215 |
The changes in the carrying amount of goodwill were as follows (in thousands):
Balance at December 31, 2024 | $ | 196,844 |
Foreign currency translation adjustments | 9,163 |
Balance at June 30, 2025 | $ | 206,007 |

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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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