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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill The change in the carrying amounts of goodwill was as follows:
| Total
| (In thousands)
Balance as of December 31, 2022 | $ | 326,405 |
Foreign currency translation adjustments | 3,739 |
Balance as of June 30, 2023 | $ | 330,144 |
Intangible Assets Intangible assets, net consisted of the following as of June 30, 2023:
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Value |  |
| (In thousands) |  |
Customer relationships | $ | 146,456 |  |  | $ | (30,599) |  |  | $ | 115,857 |  |  |
Developed technology | 78,314 |  |  | (20,884) |  |  | 57,430 |  |  |
Other, definite lived | 2,828 |  |  | (2,828) |  |  | — |  |  |
Licenses, indefinite lived | 624 |  |  | — |  |  | 624 |  |  |
Total intangible assets, net | $ | 228,222 |  |  | $ | (54,311) |  |  | $ | 173,911 |  |  |
Intangible assets, net consisted of the following as of December 31, 2022:
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Value |  |
| (In thousands) |  |
Customer relationships | $ | 141,146 |  |  | $ | (25,037) |  |  | $ | 116,109 |  |  |
Developed technology | 77,409 |  |  | (16,772) |  |  | 60,637 |  |  |
Other, definite lived | 2,828 |  |  | (2,828) |  |  | — |  |  |
Licenses, indefinite lived | 624 |  |  | — |  |  | 624 |  |  |
Total intangible assets, net | $ | 222,007 |  |  | $ | (44,637) |  |  | $ | 177,370 |  |  |
The Company recognized amortization expense as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
| (In thousands)
Cost of revenue | $ | 1,959 |  |  | $ | 1,934 |  |  | $ | 3,904 |  |  | $ | 3,966 |  |  |
Sales and marketing | 2,379 |  |  | 2,400 |  |  | 4,708 |  |  | 4,934 |  |  |
Total amortization expense | $ | 4,338 |  |  | $ | 4,334 |  |  | $ | 8,612 |  |  | $ | 8,900 |  |  |
The remaining weighted average amortization period for definite lived intangible assets is 10.6 years. Future estimated amortization expense for definite lived intangible assets is as follows:
| As of June 30,
| 2023
| (In thousands)
2023 (remaining) | $ | 8,711 |
2024 | 17,422 |
2025 | 17,422 |
2026 | 17,422 |
2027 | 17,422 |
Thereafter | 94,888 |
| $ | 173,287 |

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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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