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Goodwill and Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Activity in Goodwill | The activity in goodwill was as follows:
|  | Year Ended December 31,
(in thousands) |  | 2023
Balance, beginning of year |  | $ | 197,284 |
Additions from business acquisitions |  | 45,393 |
Foreign currency translation |  | 2,328 |
Remeasurement from provisional purchase accounting amount | 4,171 |
Balance, end of year |  | $ | 249,176 |
Intangible Assets | Intangible assets, net consisted of the following:
| December 31, 2023
($ in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation |  | Net |  | Weighted Average Remaining Amortization Period
Subscriber relationships | $ | 105,228 |  |  | $ | (32,097) |  |  | $ | 724 |  |  | $ | 73,855 |  |  | 6.6 years
Developed technology | 48,843 |  |  | (15,669) |  |  | 315 |  |  | 33,489 |  |  | 5.0 years
| $ | 154,071 |  |  | $ | (47,766) |  |  | $ | 1,039 |  |  | $ | 107,344 |  |  | 6.1 years
| December 31, 2022
($ in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation |  | Net |  | Weighted Average Remaining Amortization Period
Subscriber relationships | $ | 80,101 |  |  | $ | (22,255) |  |  | $ | (171) |  |  | $ | 57,675 |  |  | 6.8 years
Developed technology | 40,610 |  |  | (9,934) |  |  | 1 |  |  | 30,677 |  |  | 5.4 years
| $ | 120,711 |  |  | $ | (32,189) |  |  | $ | (170) |  |  | $ | 88,352 |  |  | 6.4 years
Schedule of Amortization Expense of Intangible Assets | Amortization expense of intangible assets was as follows:
| Year Ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Amortization expense | $ | 16,116 |  |  | $ | 11,768 |  |  | $ | 10,126 |
Estimated Annual Amortization Expense Related to Intangible Assets | The estimated future annual amortization expense related to intangible assets is as follows:
(in thousands) |
2024 | $ | 18,842 |
2025 | 18,704 |
2026 | 17,700 |
2027 | 17,226 |
2028 | 15,959 |
Thereafter | 18,913 |
Total future amortization | $ | 107,344 |

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