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Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The following table presents the components of net intangible assets (in thousands):
As of March 31, 2024As of December 31, 2023
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.5$15,765 $(8,294)$7,471 $15,949 $(7,471)$8,478 
Acquired customer-related10.015,081 (3,084)11,997 15,427 (2,769)12,658 
Acquired trade names2.92,156 (1,750)406 2,172 (1,721)451 
Patents10.03,182 (1,902)1,280 3,150 (1,845)1,305 
Total7.2$36,184 $(15,030)$21,154 $36,698 $(13,806)$22,892 
Amortization expense related to intangible assets was $1.4 million and $1.5 million for the three months ended March 31, 2024 and 2023, respectively.
As of March 31, 2024, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
Remainder of 2024$4,074 
20254,699 
20263,380 
20272,085 
20281,648 
Thereafter5,268 
Total expected amortization expense$21,154 
The changes in the carrying amount of goodwill were as follows (in thousands):
December 31, 2023$112,097 
Foreign currency translation adjustments(1,780)
March 31, 2024$110,317