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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
As of each of September 30, 2024 and December 31, 2023, the Company’s goodwill was $670.4 million. The Company did not record an impairment charge on goodwill during each of the three and nine months ended September 30, 2024 and 2023.
As of September 30, 2024 and December 31, 2023, the Company’s intangible assets consisted of the following:
As of September 30, 2024As of December 31, 2023
Gross carrying valueAccumulated amortizationNet carrying valueGross carrying valueAccumulated amortizationNet carrying value
(in thousands)
Intangible assets:
Customer relationships$69,860 $(35,141)$34,719 $69,860 $(28,473)$41,387 
Developed technology50,130 (39,968)10,162 50,130 (32,424)17,706 
Trade names3,910 (3,656)254 3,910 (3,542)368 
Internet protocol addresses4,984 (2,343)2,641 4,984 (1,970)3,014 
Total intangible assets$128,884 $(81,108)$47,776 $128,884 $(66,409)$62,475 
The Company’s customer relationships, developed technology, trade names and internet protocol addresses represent intangible assets subject to amortization. Amortization expense was $4.9 million and $5.2 million for the three months ended September 30, 2024 and 2023, respectively. Amortization expense was $14.7 million and $15.5 million for the nine months ended September 30, 2024 and 2023, respectively.
The Company did not purchase any intangible assets during both the three and nine months ended September 30, 2024 and 2023. The Company did not record an impairment charge on its intangible assets during both the three and nine months ended September 30, 2024 and 2023.
The expected amortization expense of intangible assets subject to amortization as of September 30, 2024 is as follows:
As of September 30, 2024
(in thousands)
Remainder of 2024$4,900 
202516,976 
20269,193 
20279,051 
20286,891 
Thereafter765 
Total$47,776