INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

12 Months Ended

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