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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2024
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, 2023$335,872 
Foreign currency translation adjustments4,515 
Balance as of September 30, 2024$340,387 
Intangible Assets
Intangible assets, net consisted of the following:
As of September 30,As of December 31,
20242023
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
(In thousands)
Customer relationships$154,049 $(44,570)$109,479 $147,426 $(35,599)$111,827 
Developed technology80,796 (31,645)49,151 79,702 (25,239)54,463 
Other, definite lived2,828 (2,828)— 2,828 (2,828)— 
Licenses, indefinite lived624 — 624 624 — 624 
Total intangible assets, net$238,297 $(79,043)$159,254 $230,580 $(63,666)$166,914 
The Company recognized amortization expense as follows:
Three months ended September 30,Nine months ended September 30,
2024202320242023
(In thousands)
Cost of revenue$1,977 $1,959 $5,877 $5,863 
Sales and marketing2,459 2,389 7,256 7,097 
Total amortization expense$4,436 $4,348 $13,133 $12,960 
The remaining weighted average amortization period for definite lived intangible assets is 9.2 years.
Future estimated amortization expense for definite lived intangible assets is as follows:
As of September 30,
2024
(In thousands)
2024 (remaining)$4,544 
202518,176 
202618,176 
202718,176 
202818,176 
Thereafter81,382 
$158,630