XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.3
Goodwill and Intangible Assets, Net
 9 Months Ended
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 acquisitions173,164 
Foreign currency translation(649)
Remeasurement from provisional purchase accounting amount1,817 
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		NetWeighted Average Remaining Amortization Period
Subscriber relationships$126,423 $(41,513)$(138)$84,772 6.2 years
Developed technology105,518 (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		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
The estimated future annual amortization expense related to intangible assets is as follows:
(in thousands)
Remainder of 2024$7,231 
202528,792 
202627,788 
202727,314 
202825,974 
Thereafter51,032 
Total future amortization$168,131