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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets In 2024, goodwill of $138.2 million and intangible assets of $39.9 million were recorded as a result of the Company's acquisition of Acqueon, Inc. (“Acqueon”). In 2023, goodwill of $62.0 million and intangible assets of $22.1 million were recorded as a result of the Company’s acquisition of Aceyus, Inc. (“Aceyus”). See Note 14 for further details. The following table summarizes the activity in the Company's goodwill and intangible asset balances during the years ended December 31, 2024 and 2023 (in thousands):
|  | Goodwill |  | Intangible Assets
Beginning of the period, January 1, 2023 |  | $ | 165,420 |  |  | $ | 28,192 |
Addition (Aceyus) |  | 61,992 |  |  | 22,150 |
Amortization |  | — |  |  | (12,019) |
End of the period, December 31, 2023 |  | 227,412 |  |  | 38,323 |
Addition (Acqueon) |  | 138,181 |  |  | 39,900 |
Measurement period adjustment (Acqueon) |  | (14) |  |  | — |
Measurement period adjustment (Aceyus) |  | (143) |  |  | — |
Amortization |  | — |  |  | (12,591) |
End of the period, December 31, 2024 |  | $ | 365,436 |  |  | $ | 65,632 |
During the fourth quarter of 2024, the Company completed its annual goodwill impairment test. Based on the Company’s assessment, it concluded that it is more likely than not that the fair values were more than their carrying values. Accordingly, there was no indication of impairment of goodwill, and further quantitative testing was not required. Subsequent to the 2024 annual impairment test, the Company believes there have been no significant events or circumstances negatively affecting the valuation of goodwill. As of December 31, 2024 and 2023, there was no impairment to the carrying value of the Company’s goodwill. The components of intangible assets were as follows (in thousands):
|  | December 31, 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 |  | $ | 105,714 |  |  | $ | (51,230) |  |  | $ | 54,484 |  |  | 6.0 |  | $ | 75,314 |  |  | $ | (40,327) |  |  | $ | 34,987 |  | 5.2
Acquired workforce |  | 470 |  |  | (470) |  |  | — |  |  | 0.0 |  | 470 |  |  | (470) |  |  | — |  | 0.0
Customer relationships |  | 12,850 |  |  | (2,681) |  |  | 10,169 |  |  | 4.4 |  | 4,150 |  |  | (1,252) |  |  | 2,898 |  | 4.1
Trademarks |  | 1,300 |  |  | (321) |  |  | 979 |  |  | 2.4 |  | 1,000 |  |  | (562) |  |  | 438 |  | 2.6
Total |  | $ | 120,334 |  |  | $ | (54,702) |  |  | $ | 65,632 |  |  | 5.7 |  | $ | 80,934 |  |  | $ | (42,611) |  |  | $ | 38,323 |  | 5.1
Amortization expense related to intangible assets was $12.6 million, $12.0 million and $11.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, the expected future amortization expense for intangible assets was as follows (in thousands):
Period |  | Expected Future Amortization Expense
2025 |  | $ | 14,467 |
2026 |  | 13,008 |
2027 |  | 8,612 |
2028 |  | 8,246 |
2029 |  | 7,328 |
Thereafter |  | 13,971 |
Total |  | $ | 65,632 |
Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate an asset’s carrying value may not be recoverable. The Company concluded that there were no indicators of impairment of its intangible assets as of December 31, 2024 and 2023.

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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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