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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for th e years ended December 31, 2023 and 2022 are as follows:
|  | Year ended December 31,
|  | 2023 |  | 2022
|  | (in thousands)
Beginning balance |  | $ | 670,185 |  |  | $ | 636,805 |
Goodwill acquired from business combinations |  | — |  |  | 33,419 |
Foreign currency translation and other adjustments |  | 171 |  |  | (39) |
Ending balance |  | $ | 670,356 |  |  | $ | 670,185 |
The goodwill acquired from business combinations are from the Company’s acquisition described in Note 5 — Business Combinations. The Company did not record an impairment charge on goodwill for the fiscal years ended December 31, 2023, 2022 and 2021. Intangible Assets, net As of December 31, 2023 and December 31, 2022, the Company’s intangible assets consisted of the following:
|  | As of December 31, 2023 |  | As of December 31, 2022
|  | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  | Gross carrying value |  | Accumulated amortization |  | Net carrying value
|  | (in thousands)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 69,860 |  |  | $ | (28,473) |  |  | $ | 41,387 |  |  | $ | 69,860 |  |  | $ | (19,582) |  |  | $ | 50,278 |
Developed technology |  | 50,130 |  |  | (32,424) |  |  | 17,706 |  |  | 50,130 |  |  | (22,367) |  |  | 27,763 |
Trade names |  | 3,910 |  |  | (3,542) |  |  | 368 |  |  | 3,910 |  |  | (2,564) |  |  | 1,346 |
Internet protocol addresses |  | 4,984 |  |  | (1,970) |  |  | 3,014 |  |  | 4,984 |  |  | (1,471) |  |  | 3,513 |
Backlog |  | — |  |  | — |  |  | — |  |  | 2,200 |  |  | (2,200) |  |  | — |
Total intangible assets |  | $ | 128,884 |  |  | $ | (66,409) |  |  | $ | 62,475 |  |  | $ | 131,084 |  |  | $ | (48,184) |  |  | $ | 82,900 |
The Company’s customer relationships, developed technology, trade names, backlog and Internet protocol addresses represent intangible assets subject to amortization. Amortization expense was $20.4 million, $21.7 million and $21.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively. The Company did not purchase any intangible assets during the year ended December 31, 2023. During the year ended December 31, 2022, the Company added $2.0 million of intangible assets from the acquisition of Glitch, which are subject to amortization. During the year ended December 31, 2021, the Company purchased $2.1 million of intangible assets. The Company did not record any impairments during the years ended December 31, 2023, 2022 and 2021. The expected amortization expense of intangible assets subject to amortization as of December 31, 2023 is as follows:
| As of December 31, 2023
| (in thousands)
2024 | $ | 19,599 |
2025 | 16,976 |
2026 | 9,193 |
2027 | 9,051 |
2028 | 6,891 |
Thereafter | 765 |
Total | $ | 62,475 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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