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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
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 acquisitions45,393 
Foreign currency translation2,328 
Remeasurement from provisional purchase accounting amount4,171 
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
NetWeighted Average Remaining Amortization Period
Subscriber relationships$105,228 $(32,097)$724 $73,855 6.6 years
Developed technology48,843 (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
NetWeighted Average Remaining Amortization Period
Subscriber relationships$80,101 $(22,255)$(171)$57,675 6.8 years
Developed technology40,610 (9,934)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)202320222021
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 
202518,704 
202617,700 
202717,226 
202815,959 
Thereafter18,913 
Total future amortization$107,344