XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 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 | (4,402) |
Balance as of September 30, 2023 | $ | 322,003 |
Intangible Assets Intangible assets, net consisted of the following as of September 30, 2023:
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Value |  |
| (In thousands) |  |
Customer relationships | $ | 142,148 |  |  | $ | (32,160) |  |  | $ | 109,988 |  |  |
Developed technology | 76,342 |  |  | (22,266) |  |  | 54,076 |  |  |
Other, definite lived | 2,828 |  |  | (2,828) |  |  | — |  |  |
Licenses, indefinite lived | 624 |  |  | — |  |  | 624 |  |  |
Total intangible assets, net | $ | 221,942 |  |  | $ | (57,254) |  |  | $ | 164,688 |  |  |
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 September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
| (In thousands)
Cost of revenue | $ | 1,959 |  |  | $ | 1,831 |  |  | $ | 5,863 |  |  | $ | 5,797 |  |  |
Sales and marketing | 2,389 |  |  | 2,287 |  |  | 7,097 |  |  | 7,221 |  |  |
Total amortization expense | $ | 4,348 |  |  | $ | 4,118 |  |  | $ | 12,960 |  |  | $ | 13,018 |  |  |
The remaining weighted average amortization period for definite lived intangible assets is 10.3 years. Future estimated amortization expense for definite lived intangible assets is as follows:
| As of September 30,
| 2023
| (In thousands)
2023 (remaining) | $ | 4,234 |
2024 | 16,937 |
2025 | 16,937 |
2026 | 16,937 |
2027 | 16,937 |
Thereafter | 92,082 |
| $ | 164,064 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration