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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,
20242023
(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, 2024December 31, 2023
Weighted
Average
Useful Life
(in Years)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
Licensed technology6.9$20,188 $(1,365)$18,823 $20,133 $(1,431)$18,702 
Developed technology6.9311,261 (271,856)39,405 311,261 (263,635)47,626 
Trademarks and trade names6.214,800 (14,312)488 14,800 (14,276)524 
Customer relationships5.0128,800 (126,731)2,069 128,800 (126,347)2,453 
Patents7.04,780 (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,
20242023
(in thousands)
Cost of net revenue$8,468 $9,458 
Research and development— 
Selling, general and administrative591 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,
20242023
(in thousands)
Beginning balance$73,630 $109,316 
Additions368 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 
202514,774 
202613,735 
20279,957 
20284,620 
Thereafter7,180 
Total$64,939