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Goodwill and Intangible Assets (Tables)

6 Months Ended

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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- References

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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

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ 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

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

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