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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill The activity in goodwill was as follows:
(in thousands) | Nine Months Ended September 30, 2024
Balance, beginning of period | $ | 249,176 |
Addition from business acquisitions | 173,164 |
Foreign currency translation | (649) |
Remeasurement from provisional purchase accounting amount | 1,817 |
Balance, end of period | $ | 423,508 |
Intangible Assets Intangible assets, net consisted of the following:
| September 30, 2024
($ in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation |  | Net |  | Weighted Average Remaining Amortization Period
Subscriber relationships | $ | 126,423 |  |  | $ | (41,513) |  |  | $ | (138) |  |  | $ | 84,772 |  |  | 6.2 years
Developed technology | 105,518 |  |  | (22,151) |  |  | (8) |  |  | 83,359 |  |  | 6.6 years
| $ | 231,941 |  |  | $ | (63,664) |  |  | $ | (146) |  |  | $ | 168,131 |  |  | 6.4 years
| 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
The estimated future annual amortization expense related to intangible assets is as follows:
(in thousands) |
Remainder of 2024 | $ | 7,231 |
2025 | 28,792 |
2026 | 27,788 |
2027 | 27,314 |
2028 | 25,974 |
Thereafter | 51,032 |
Total future amortization | $ | 168,131 |

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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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