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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 Intangible Assets and Goodwill | 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 |  |  |
Schedule of Intangible Assets | 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
Schedule of Expected Future Amortization Expense of Intangible Assets | 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 Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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