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Goodwill and Intangibles Assets (Tables)
6 Months Ended
Jun. 30, 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:
Six Months Ended June 30,
20242023
(in thousands)
Beginning balance$318,588 $306,739 
Acquisitions (Note 3)
— 11,717 
Ending balance$318,588 $318,456 
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:
June 30, 2024December 31, 2023
Weighted
Average
Useful Life
(in Years)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
Licensed technology7.0$23,276 $(1,924)$21,352 $20,133 $(1,431)$18,702 
Developed technology6.9311,261 (276,946)34,315 311,261 (263,635)47,626 
Trademarks and trade names6.214,800 (14,348)452 14,800 (14,276)524 
Customer relationships5.0128,800 (127,117)1,683 128,800 (126,347)2,453 
Patents7.04,780 (796)3,984 4,780 (455)4,325 
6.1$482,917 $(421,131)$61,786 $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 June 30,Six Months Ended June 30,
2024202320242023
(in thousands)(in thousands)
Cost of net revenue$5,336 $9,333 $13,804 $18,791 
Research and development— — 
Selling, general and administrative592 709 1,183 1,637 
$5,928 $10,043 $14,987 $20,430 
Summary of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Six Months Ended June 30,
20242023
(in thousands)
Beginning balance$73,630 $109,316 
Additions3,143 5,524 
Other disposals— (769)
Amortization(14,987)(20,430)
Impairment losses— (2,438)
Ending balance$61,786 $91,203 
Summary of Finite-Lived Intangible Assets, Future Amortization Expense The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2024:
Amount
(in thousands)
2024 (6 months)$8,370 
202514,795 
202613,966 
202710,354 
20285,016 
Thereafter9,285 
Total$61,786