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Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets The gross carrying amount and accumulated amortization of intangible assets as of September 30, 2024 and December 31, 2023 was as follows:
| September 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Amortization Period
| (in thousands, except weighted average amortization period information)
Customer relationships | $ | 63,270 |  |  | $ | (54,705) |  |  | $ | 8,565 |  |  | 3.1
Technology | 125,110 |  |  | (51,634) |  |  | 73,476 |  |  | 9.0
Total | $ | 188,380 |  |  | $ | (106,339) |  |  | $ | 82,041 |  |  |
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Amortization Period
| (in thousands, except weighted average amortization period information)
Customer relationships | $ | 63,270 |  |  | $ | (52,622) |  |  | $ | 10,648 |  |  | 3.8
Non-compete agreements | 6,500 |  |  | (6,500) |  |  | — |  |  | 0.0
Technology | 125,110 |  |  | (45,329) |  |  | 79,781 |  |  | 9.7
Total | $ | 194,880 |  |  | $ | (104,451) |  |  | $ | 90,429 |  |  |
Amortization of intangibles expense was $2.8 million and $8.4 million for the three and nine months ended September 30, 2024, respectively. Amortization of intangibles expense was $2.9 million and $8.7 million for the three and nine months ended September 30, 2023, respectively. Future estimated amortization of intangibles (in thousands) is as follows:
Year Ending December 31, |
Remainder of 2024 | $ | 2,795 |
2025 | 11,183 |
2026 | 11,082 |
2027 | 10,315 |
2028 | 8,000 |
2029 | 8,000 |
Thereafter | 30,666 |
Total | $ | 82,041 |

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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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