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Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Summary of Intangible Assets | Intangible assets consisted of the following:
|  |  |  | As of June 30, 2024 |  |  | As of December 31, 2023 |
(In thousands) | Weighted Average Useful Life (in years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Developed technology |  | 8.5 |  |  | $ | 320,849 |  |  | $ | (78,762 | ) |  | $ | 242,087 |  |  | $ | 329,369 |  |  | $ | (61,271 | ) |  | $ | 268,098 |
Customer relationships |  | 10.9 |  |  | $ | 52,587 |  |  | $ | (16,863 | ) |  | $ | 35,724 |  |  | $ | 54,856 |  |  | $ | (15,943 | ) |  | $ | 38,913 |
Trade names |  | 3.0 |  |  |  | 28,901 |  |  |  | (21,391 | ) |  |  | 7,510 |  |  |  | 29,689 |  |  |  | (16,379 | ) |  |  | 13,310 |
Backlog |  | 1.6 |  |  |  | 55,868 |  |  |  | (52,343 | ) |  |  | 3,525 |  |  |  | 57,391 |  |  |  | (52,022 | ) |  |  | 5,369 |
Licensed technology |  | 9.0 |  |  |  | 5,900 |  |  |  | (4,125 | ) |  |  | 1,775 |  |  |  | 5,900 |  |  |  | (3,797 | ) |  |  | 2,103 |
Licensing agreements |  | 8.5 |  |  |  | 560 |  |  |  | (388 | ) |  |  | 172 |  |  |  | 560 |  |  |  | (368 | ) |  |  | 192 |
Patents |  | 7.3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 500 |  |  |  | (500 | ) |  |  | — |
Total |  |  |  | $ | 464,665 |  |  | $ | (173,872 | ) |  | $ | 290,793 |  |  | $ | 478,265 |  |  | $ | (150,280 | ) |  | $ | 327,985 |
Estimated Future Amortization Expense Related to Intangible Assets | Estimated future amortization expense of intangible assets is as follows:
|  | As of |
(In thousands) |  | June 30, 2024 |
2024 |  | $ | 28,814 |
2025 |  |  | 46,163 |
2026 |  |  | 42,915 |
2027 |  |  | 41,554 |
2028 |  |  | 41,408 |
Thereafter |  |  | 89,939 |
Total |  | $ | 290,793 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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