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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following table summarizes the activity in the Company's goodwill and intangible asset balances during the six months ended June 30, 2025 (in thousands):
|  | Goodwill |  | Intangible Assets |  |
Beginning of the period, December 31, 2024 |  | $ | 365,436 |  |  | $ | 65,632 |  |  |
Measurement period adjustment (Acqueon) |  | 1,262 |  |  | — |  |  |
Amortization |  | — |  |  | (7,564) |  |  |
End of the period, June 30, 2025 |  | $ | 366,698 |  |  | $ | 58,068 |  |  |
The components of intangible assets were as follows (in thousands):
|  | June 30, 2025 |  | December 31, 2024
|  | 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 |  |  | $ | (57,317) |  |  | $ | 48,397 |  |  | 5.9 |  | $ | 105,714 |  |  | $ | (51,230) |  |  | $ | 54,484 |  |  | 6.0
Acquired workforce |  | 470 |  |  | (470) |  |  | — |  |  | 0.0 |  | 470 |  |  | (470) |  |  | — |  |  | 0.0
Customer relationships |  | 12,850 |  |  | (3,942) |  |  | 8,908 |  |  | 3.9 |  | 12,850 |  |  | (2,681) |  |  | 10,169 |  |  | 4.4
Trademarks |  | 1,300 |  |  | (537) |  |  | 763 |  |  | 1.9 |  | 1,300 |  |  | (321) |  |  | 979 |  |  | 2.4
Total |  | $ | 120,334 |  |  | $ | (62,266) |  |  | $ | 58,068 |  |  | 5.5 |  | $ | 120,334 |  |  | $ | (54,702) |  |  | $ | 65,632 |  |  | 5.7
Amortization expense related to intangible assets was $3.5 million and $7.6 million for the three and six months ended June 30, 2025, respectively. 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. As of June 30, 2025, the expected future amortization expense for intangible assets was as follows (in thousands):
Period |  | Expected Future Amortization Expense
Remaining 2025 |  | $ | 6,903 |
2026 |  | 13,008 |
2027 |  | 8,612 |
2028 |  | 8,246 |
2029 |  | 7,328 |
Thereafter |  | 13,971 |
Total |  | $ | 58,068 |

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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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