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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 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, 2021$344,423 
Foreign currency translation adjustments(18,018)
Balance as of December 31, 2022326,405 
Foreign currency translation adjustments9,467 
Balance as of December 31, 2023$335,872 
Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2023:
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
Amortization
Period
(In thousands)(In years)
Customer relationships$147,426 $(35,599)$111,827 
15 - 20
Developed technology79,702 (25,239)54,463 
10
Other, definite lived2,828 (2,828)— 
2 - 7
Licenses, indefinite lived624 — 624 Indefinite
Total intangible assets, net$230,580 $(63,666)$166,914 
Intangible assets, net consisted of the following as of December 31, 2022:
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
Amortization
Period
(In thousands)(In years)
Customer relationships$141,146 $(25,037)$116,109 
15 - 20
Developed technology77,409 (16,772)60,637 
10
Other, definite lived2,828 (2,828)— 
2 - 7
Licenses, indefinite lived624 — 624 Indefinite
Total intangible assets, net$222,007 $(44,637)$177,370 
The Company recognized amortization expense as follows:
Year ended December 31,
202320222021
(In thousands)
Cost of revenue$7,810 $7,657 $8,543 
Sales and marketing9,464 9,523 10,576 
Total amortization expense$17,274 $17,180 $19,119 
The remaining weighted average amortization period for definite lived intangible assets is 10.1 years.
Future estimated amortization expense for definite lived intangible assets is as follows:
As of December 31,
2023
(In thousands)
2024$17,625 
202517,625 
202617,625 
202717,625 
202817,625 
Thereafter78,165 
$166,290