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INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET | NOTE 10—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET Intangible Assets The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
| December 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Licenses | $ | 80,101 |  |  | $ | (33,424) |  |  | $ | 46,677 |  |  | $ | 71,908 |  |  | $ | (19,457) |  |  | $ | 52,451 |
Acquired technology | 16,653 |  |  | (8,238) |  |  | 8,415 |  |  | 15,003 |  |  | (3,831) |  |  | 11,172 |
Customer relationships | 12,000 |  |  | (5,400) |  |  | 6,600 |  |  | 12,000 |  |  | (3,000) |  |  | 9,000 |
Trade names | 2,740 |  |  | (1,578) |  |  | 1,162 |  |  | 2,740 |  |  | (1,428) |  |  | 1,312 |
Internal-use software | 188,164 |  |  | (161,228) |  |  | 26,936 |  |  | 168,232 |  |  | (132,375) |  |  | 35,857 |
Other | 220 |  |  | (14) |  |  | 206 |  |  | 145 |  |  | (4) |  |  | 141 |
| 299,878 |  |  | (209,882) |  |  | 89,996 |  |  | 270,028 |  |  | (160,095) |  |  | 109,933 |
Nonamortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Marketing Agreement with a related party | 1,000 |  |  | — |  |  | 1,000 |  |  | 1,000 |  |  | — |  |  | 1,000 |
Total intangible assets | $ | 300,878 |  |  | $ | (209,882) |  |  | $ | 90,996 |  |  | $ | 271,028 |  |  | $ | (160,095) |  |  | $ | 110,933 |
The aggregate amortization expenses for amortizable intangible assets are reflected in “Depreciation and amortization” in the Consolidated Statements of Operations. During the years ended December 31, 2024 and 2023, intangible asset and internal-use software amortization expenses were $40.6 million and $39.7 million, respectively. The Company recorded non-cash impairment charges within "Restructuring and related" in the Consolidated Statements of Operations in the amounts of a $9.2 million and $1.1 million during the years ended December 31, 2024 and December 31, 2023, respectively. As of December 31, 2024, the estimated annual amortization expenses for the years ending December 31, 2025 through 2029 and thereafter is as follows:
Year Ending December 31, |  | Projected Amortization Expense
2025 |  | $ | 31,463 |
2026 |  | 25,183 |
2027 |  | 16,521 |
2028 |  | 9,815 |
2029 |  | 6,463 |
Thereafter |  | 551 |
Total |  | $ | 89,996 |

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