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Goodwill and Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The change in the carrying amounts of goodwill was as follows:
| Total
| (In thousands)
Balance as of December 31, 2023 | $ | 335,872 |
Foreign currency translation adjustments | (7,300) |
Balance as of March 31, 2024 | $ | 328,572 |
Schedule of Finite Lived Intangible Assets | Intangible assets, net consisted of the following:
| As of March 31, |  | As of December 31,
| 2024 |  | 2023
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Amount |  | Accumulated Amortization |  | Net Carrying Value
| (In thousands)
Customer relationships | $ | 146,348 |  |  | $ | (37,768) |  |  | $ | 108,580 |  |  | $ | 147,426 |  |  | $ | (35,599) |  |  | $ | 111,827 |
Developed technology | 77,934 |  |  | (26,627) |  |  | 51,307 |  |  | 79,702 |  |  | (25,239) |  |  | 54,463 |
Other, definite lived | 2,828 |  |  | (2,828) |  |  | — |  |  | 2,828 |  |  | (2,828) |  |  | — |
Licenses, indefinite lived | 624 |  |  | — |  |  | 624 |  |  | 624 |  |  | — |  |  | 624 |
Total intangible assets, net | $ | 227,734 |  |  | $ | (67,223) |  |  | $ | 160,511 |  |  | $ | 230,580 |  |  | $ | (63,666) |  |  | $ | 166,914 |
Schedule of Infinite Lived Intangible Assets | Intangible assets, net consisted of the following:
| As of March 31, |  | As of December 31,
| 2024 |  | 2023
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Amount |  | Accumulated Amortization |  | Net Carrying Value
| (In thousands)
Customer relationships | $ | 146,348 |  |  | $ | (37,768) |  |  | $ | 108,580 |  |  | $ | 147,426 |  |  | $ | (35,599) |  |  | $ | 111,827 |
Developed technology | 77,934 |  |  | (26,627) |  |  | 51,307 |  |  | 79,702 |  |  | (25,239) |  |  | 54,463 |
Other, definite lived | 2,828 |  |  | (2,828) |  |  | — |  |  | 2,828 |  |  | (2,828) |  |  | — |
Licenses, indefinite lived | 624 |  |  | — |  |  | 624 |  |  | 624 |  |  | — |  |  | 624 |
Total intangible assets, net | $ | 227,734 |  |  | $ | (67,223) |  |  | $ | 160,511 |  |  | $ | 230,580 |  |  | $ | (63,666) |  |  | $ | 166,914 |
Schedule of Amortization Expense | The Company recognized amortization expense as follows:
|  |  | Three months ended March 31,
|  |  |  |  | 2024 |  | 2023 |  |
|  |  |  |  | (In thousands)
Cost of revenue |  |  |  |  | $ | 1,959 |  |  | $ | 1,945 |  |  |
Sales and marketing |  |  |  |  | 2,402 |  |  | 2,329 |  |  |
Total amortization expense |  |  |  |  | $ | 4,361 |  |  | $ | 4,274 |  |  |
Schedule of Future Estimated Amortization Expense | Future estimated amortization expense for definite lived intangible assets is as follows:
| As of March 31,
| 2024
| (In thousands)
2024 (remaining) | $ | 13,033 |
2025 | 17,377 |
2026 | 17,377 |
2027 | 17,377 |
2028 | 17,377 |
Thereafter | 77,346 |
| $ | 159,887 |

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