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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
7. Goodwill and Intangible Assets
Goodwill
The changes in carrying amount of goodwill were as follows:
Total
(In thousands)
Balance as of December 31, 2024$317,243 
Foreign currency translation adjustments12,021 
Balance as of March 31, 2025$329,264 
Intangible Assets
Intangible assets, net consisted of the following:
As of March 31,As of December 31,
20252024
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
Gross
Amount
Accumulated
Amortization
Net Carrying
Value
(In thousands)
Customer relationships$149,392 $(48,247)$101,145 $145,625 $(44,754)$100,871 
Developed technology78,101 (34,495)43,606 75,189 (31,329)43,860 
Other, definite lived2,828 (2,828)— 2,828 (2,828)— 
Licenses, indefinite lived624 — 624 624 — 624 
Total intangible assets, net$230,945 $(85,570)$145,375 $224,266 $(78,911)$145,355 
The Company recognized amortization expense as follows:
Three months ended March 31,
20252024
(In thousands)
Cost of revenue$1,897 $1,959 
Sales and marketing2,390 2,402 
Total amortization expense$4,287 $4,361 
The remaining weighted average amortization period for definite lived intangible assets is 8.8 years.
Future estimated amortization expense for definite lived intangible assets is as follows:
As of March 31,
2025
(In thousands)
2025 (remaining)$13,198 
202617,596 
202717,596 
202817,596 
202917,596 
Thereafter61,169 
$144,751