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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets We operate our business in two operating segments that also represent our reporting units. Our reporting units are organized based on our technology and professional services. We have not incurred any goodwill impairment charges. Changes in the carrying amount of goodwill by reporting unit for the three months ended March 31, 2025 were as follows (in thousands):
| Technology |  | Professional Services |  | Total
Balance as of December 31, 2024 | $ | 253,090 |  |  | $ | 6,669 |  |  | $ | 259,759 |
Upfront acquisition | 52,912 |  |  | — |  |  | 52,912 |
Foreign currency translation adjustments | 709 |  |  | — |  |  | 709 |
Balance as of March 31, 2025 | $ | 306,711 |  |  | $ | 6,669 |  |  | $ | 313,380 |
As of March 31, 2025, intangible assets consisted of the following (in thousands):
| Cost |  | Accumulated Amortization |  | Net
| (unaudited)
Developed technologies | $ | 140,800 |  |  | $ | (97,863) |  |  | $ | 42,937 |
Client relationships and contracts | 120,578 |  |  | (60,952) |  |  | 59,626 |
Computer software licenses | 11,148 |  |  | (9,847) |  |  | 1,301 |
Trademarks | 5,328 |  |  | (2,792) |  |  | 2,536 |
Total intangible assets | $ | 277,854 |  |  | $ | (171,454) |  |  | $ | 106,400 |
Amortization expense of acquired intangible assets was $8.7 million and $7.3 million for the three months ended March 31, 2025 and 2024, respectively. Amortization expense for intangible assets is included in depreciation and amortization in our condensed consolidated statements of operations. We have not incurred any intangible asset impairment charges for the three months ended March 31, 2025 and 2024. As of December 31, 2024, intangible assets consisted of the following (in thousands):
| Cost |  | Accumulated Amortization |  | Net
Developed technologies | $ | 124,109 |  |  | $ | (93,611) |  |  | $ | 30,498 |
Client relationships and contracts | 108,824 |  |  | (57,020) |  |  | 51,804 |
Computer software licenses | 11,149 |  |  | (9,503) |  |  | 1,646 |
Trademarks | 4,694 |  |  | (2,590) |  |  | 2,104 |
Total intangible assets | $ | 248,776 |  |  | $ | (162,724) |  |  | $ | 86,052 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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