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Goodwill and Intangibles Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The following table presents the changes in the carrying amount of goodwill for the periods indicated:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
|  | (in thousands)
Beginning balance |  | $ | 318,588 |  |  | $ | 306,739 |
Acquisitions (Note 3) |  | — |  |  | 12,171 |
Ending balance |  | $ | 318,588 |  |  | $ | 318,910 |
Summary of Acquired Finite-Lived Intangible Assets by Major Class | The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which are amortized over their estimated useful lives:
|  |  | March 31, 2024 |  | December 31, 2023
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
|  |  | (in thousands)
Licensed technology | 6.9 |  | $ | 20,188 |  |  | $ | (1,365) |  |  | $ | 18,823 |  |  | $ | 20,133 |  |  | $ | (1,431) |  |  | $ | 18,702 |
Developed technology | 6.9 |  | 311,261 |  |  | (271,856) |  |  | 39,405 |  |  | 311,261 |  |  | (263,635) |  |  | 47,626 |
Trademarks and trade names | 6.2 |  | 14,800 |  |  | (14,312) |  |  | 488 |  |  | 14,800 |  |  | (14,276) |  |  | 524 |
Customer relationships | 5.0 |  | 128,800 |  |  | (126,731) |  |  | 2,069 |  |  | 128,800 |  |  | (126,347) |  |  | 2,453 |
Patents | 7.0 |  | 4,780 |  |  | (626) |  |  | 4,154 |  |  | 4,780 |  |  | (455) |  |  | 4,325 |
| 6.1 |  | $ | 479,829 |  |  | $ | (414,890) |  |  | $ | 64,939 |  |  | $ | 479,774 |  |  | $ | (406,144) |  |  | $ | 73,630 |
Summary of Finite-lived Intangible Assets Amortization Expense | The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
|  |  | (in thousands)
Cost of net revenue |  |  |  |  | $ | 8,468 |  |  | $ | 9,458 |
Research and development |  |  |  |  | — |  |  | 1 |
Selling, general and administrative |  |  |  |  | 591 |  |  | 928 |
|  |  |  |  | $ | 9,059 |  |  | $ | 10,387 |
Summary of Finite-Lived Intangible Assets | The following table sets forth the activity related to finite-lived intangible assets:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
|  | (in thousands)
Beginning balance |  | $ | 73,630 |  |  | $ | 109,316 |
Additions |  | 368 |  |  | 630 |
Other disposals |  | — |  |  | (769) |
Amortization |  | (9,059) |  |  | (10,387) |
Impairment losses |  | — |  |  | (2,438) |
Ending balance |  | $ | 64,939 |  |  | $ | 96,352 |
Summary of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2024:
|  | Amount
|  | (in thousands)
2024 (9 months) |  | $ | 14,673 |
2025 |  | 14,774 |
2026 |  | 13,735 |
2027 |  | 9,957 |
2028 |  | 4,620 |
Thereafter |  | 7,180 |
Total |  | $ | 64,939 |

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