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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The change in the carrying amount of goodwill during the period ended June 30, 2024, includes the following (in thousands):
December 31, 2023 |  | $ | 73,003 |
Foreign currency fluctuation |  |  | (995 | )
June 30, 2024 |  | $ | 72,008 |
Intangible Assets, Net | Intangible assets, net consist of the following (in thousands, except as indicated):
|  | Remaining Avg. Useful lives |  | Gross |  |  | Accumulated |  |  | Intangible |
June 30, 2024: |  | (in years) |  | Amount |  |  | Amortization |  |  | Assets, net |
Developed product technology |  | 6 |  | $ | 105,461 |  |  | $ | (33,228 | ) |  | $ | 72,233 |
Trademarks and trade names |  | 7 |  |  | 5,431 |  |  |  | (1,785 | ) |  |  | 3,646 |
Customer relationships |  | 2 |  |  | 14,254 |  |  |  | (9,442 | ) |  |  | 4,812 |
Distribution network |  | - |  |  | 2,413 |  |  |  | (2,343 | ) |  |  | 70 |
Total amortized intangible assets |  |  |  |  | 127,559 |  |  |  | (46,798 | ) |  |  | 80,761 |
Software in development |  | n/a |  |  | 12,106 |  |  |  | — |  |  |  | 12,106 |
In-process research and development |  | n/a |  |  | 6,285 |  |  |  | — |  |  |  | 6,285 |
Total intangible assets |  |  |  | $ | 145,950 |  |  | $ | (46,798 | ) |  | $ | 99,152 |
|  |  |  | . |  |  |  |  |  |  |
|  | Remaining Avg. Useful lives |  | Gross |  |  | Accumulated |  |  | Intangible |
December 31, 2023: |  | (in years) |  | Amount |  |  | Amortization |  |  | Assets, net |
Developed product technology |  | 6 |  | $ | 106,782 |  |  | $ | (26,560 | ) |  | $ | 80,222 |
Trademarks and trade names |  | 7 |  |  | 5,588 |  |  |  | (1,561 | ) |  |  | 4,027 |
Customer relationships |  | 3 |  |  | 14,504 |  |  |  | (8,692 | ) |  |  | 5,812 |
Distribution network |  | 1 |  |  | 2,413 |  |  |  | (2,242 | ) |  |  | 171 |
Total amortized intangible assets |  |  |  |  | 129,287 |  |  |  | (39,055 | ) |  |  | 90,232 |
Software in development |  | n/a |  |  | 7,934 |  |  |  | — |  |  |  | 7,934 |
In-process research and development |  | n/a |  |  | 4,285 |  |  |  | — |  |  |  | 4,285 |
Total intangible assets |  |  |  | $ | 141,506 |  |  | $ | (39,055 | ) |  | $ | 102,451 |
Schedule of Intangible Assets, Future Expected Amortization Expense | Future amortization expense related to intangible assets is as follows (in thousands):
Remainder of 2024 |  | $ | 8,222 |
2025 |  |  | 15,061 |
2026 |  |  | 15,061 |
2027 |  |  | 12,839 |
2028 |  |  | 10,847 |
Thereafter |  |  | 18,731 |
|  | $ | 80,761 |

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