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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill of $61.8 million and intangible assets of $22.1 million were recognized as a result of the Company's acquisition of Aceyus, Inc. ("Aceyus") in August 2023. See Note 13 for further details. The following table summarizes the activity in the Company's goodwill and intangible asset balances during the six months ended June 30, 2024 (in thousands):
|  | Goodwill |  | Intangible Assets |  |
Beginning of the period, December 31, 2023 |  | $ | 227,412 |  |  | $ | 38,323 |  |  |
Measurement period adjustment (Aceyus) |  | (143) |  |  | — |  |  |
Amortization |  | — |  |  | (5,296) |  |  |
End of the period, June 30, 2024 |  | $ | 227,269 |  |  | $ | 33,027 |  |  |
The components of intangible assets were as follows (in thousands):
|  | June 30, 2024 |  | December 31, 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization period (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Amortization period (Years)
Developed technology |  | $ | 75,314 |  |  | $ | (45,124) |  |  | $ | 30,190 |  |  | 5.0 |  | $ | 75,314 |  |  | $ | (40,327) |  |  | $ | 34,987 |  |  | 5.2
Acquired workforce |  | 470 |  |  | (470) |  |  | — |  |  | 0.0 |  | 470 |  |  | (470) |  |  | — |  |  | 0.0
Customer relationships |  | 4,150 |  |  | (1,667) |  |  | 2,483 |  |  | 3.7 |  | 4,150 |  |  | (1,252) |  |  | 2,898 |  |  | 4.1
Trademarks |  | 500 |  |  | (146) |  |  | 354 |  |  | 2.1 |  | 1,000 |  |  | (562) |  |  | 438 |  |  | 2.6
Total |  | $ | 80,434 |  |  | $ | (47,407) |  |  | $ | 33,027 |  |  | 4.8 |  | $ | 80,934 |  |  | $ | (42,611) |  |  | $ | 38,323 |  |  | 5.1
Amortization expense related to intangible assets was $2.6 million and $5.3 million for the three and six months ended June 30, 2024, respectively. Amortization expense related to intangible assets was $2.8 million and $5.7 million for the three and six months ended June 30, 2023, respectively. As of June 30, 2024, the expected future amortization expense for intangible assets was as follows (in thousands):
Period |  | Expected Future Amortization Expense
Remaining 2024 |  | $ | 5,295 |
2025 |  | 8,660 |
2026 |  | 7,201 |
2027 |  | 2,898 |
2028 |  | 2,706 |
Thereafter |  | 6,267 |
Total |  | $ | 33,027 |

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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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