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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Amount of 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 |
Schedule of Intangible Assets | The useful lives of the intangible assets are as follows:
Customer relationships | 3 to 8 years
Developed technology | 4 to 5 years
Trade names | 3 to 4 years
Backlog | 2 years
Internet protocol addresses | 10 years
In-process research and development (“IPR&D”) | Indefinite
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 |
Schedule of Expected Amortization Expense of Intangible Assets | 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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