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Identifiable Intangible Assets and Goodwill (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Components of Identifiable Intangible Assets | The components of identifiable intangible assets are:
(in thousands) | March 31, 2025 |  | December 31, 2024 |  |  |  | Estimated Useful Life |  | Weighted-Average Amortization Period
Acquired developed technology | $ | 183,840 |  |  | $ | 181,600 |  |  |  |  | 3 - 7 years |  | 4.16 years
Internally developed software costs | 44,185 |  |  | 42,353 |  |  |  |  | 3 years |  | 2.87 years
Customer relationships | 119,046 |  |  | 115,910 |  |  |  |  | 5 - 15 years |  | 8.80 years
Trade names | 3,210 |  |  | 3,210 |  |  |  |  | 2 - 8 years |  | 7.33 years
Non-competition agreements | 7,230 |  |  | 7,230 |  |  |  |  | 1 - 5 years |  | 4 years
| 357,511 |  |  | 350,303 |  |  |  |  |  |  |
Impact of currency translation on intangible assets | (3,758) |  |  | (5,557) |  |  |  |  |  |  |
Less: accumulated amortization | (131,531) |  |  | (119,900) |  |  |  |  |  |  |
| 222,222 |  |  | 224,846 |  |  |  |  |  |  |
Internally developed software costs not meeting general release threshold | 635 |  |  | 1,287 |  |  |  |  |  |  |
Trademarks, trade names (non-amortizable) | 11,200 |  |  | 11,200 |  |  |  |  | Indefinite |  |
| $ | 234,057 |  |  | $ | 237,333 |  |  |  |  |  |  |
Schedule of Amortization Expense | The following table summarizes amortization expense for acquired developed technology and internally developed software:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2025 |  | 2024
Amortization of acquired developed technology |  |  |  |  |  | $ | 6,209 |  |  | $ | 4,235 |
Amortization of internally developed software |  |  |  |  |  | 1,430 |  |  | 1,231 |
Amortization of identifiable intangible assets recorded in cost of sales |  |  |  |  |  | $ | 7,639 |  |  | $ | 5,466 |
Amortization expense recorded in operating expenses |  |  |  |  |  | 3,259 |  |  | 932 |
Impact of foreign currency translation on intangible assets |  |  |  |  |  | 733 |  |  | 639 |
Schedule of Expected Future Amortization of Intangible Assets | The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold is:
(in thousands) |
2025, remaining | $ | 33,079 |
2026 | 42,244 |
2027 | 37,757 |
2028 | 25,961 |
2029 | 18,947 |
Thereafter | 64,234 |
Total | $ | 222,222 |
Schedule of Goodwill | Goodwill carried is as follows:
(in thousands) | 2025 |  | 2024 |
Beginning balance - January 1 | $ | 887,459 |  |  | $ | 488,918 |  |
Stuzo Acquisition | — |  |  | 132,140 |  |
Foreign currency translation | 2,909 |  |  | (2,162) |  |
Delaget Acquisition ASC 805 measurement period adjustment | 125 |  |  | — |  |
Ending balance - March 31 | $ | 890,493 |  |  | $ | 618,896 |  |

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