v3.24.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The Company’s goodwill as of June 30, 2024 and December 31, 2023 was as follows:
GoodwillJune 30,
2024		December 31,
2023
(In thousands)
Goodwill, beginning of period$214,562 $213,559 
Currency translation adjustment(1,323)1,003 
Goodwill, end of period$213,239 $214,562 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class
The Company’s purchased intangible assets as of June 30, 2024 and December 31, 2023 were as follows:
June 30, 2024December 31, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationImpairmentNet
(In thousands)
Intangible assets:
Other indefinite-lived intangibles$286 $— $286 $286 $— $— $286 
Intangible assets with finite lives:
 Developed technology51,054 (32,017)19,037 51,044 (27,093)— 23,951 
 Customer relationships51,306 (32,671)18,635 55,106 (29,527)(3,807)21,772 
 Trade names37,700 (18,943)18,757 37,700 (15,173)— 22,527 
Total purchased intangible assets$140,346 $(83,631)$56,715 $144,136 $(71,793)$(3,807)$68,536 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The Company’s purchased intangible assets as of June 30, 2024 and December 31, 2023 were as follows:
June 30, 2024December 31, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationImpairmentNet
(In thousands)
Intangible assets:
Other indefinite-lived intangibles$286 $— $286 $286 $— $— $286 
Intangible assets with finite lives:
 Developed technology51,054 (32,017)19,037 51,044 (27,093)— 23,951 
 Customer relationships51,306 (32,671)18,635 55,106 (29,527)(3,807)21,772 
 Trade names37,700 (18,943)18,757 37,700 (15,173)— 22,527 
Total purchased intangible assets$140,346 $(83,631)$56,715 $144,136 $(71,793)$(3,807)$68,536 
Schedule of Amortization Expense
Amortization expense related to finite-lived intangible assets were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
(In thousands)
Developed technology$2,458 $2,455 $4,925 $4,910 
Customer relationships
1,567 2,454 3,143 4,908 
Trade names1,885 1,885 3,770 3,770 
Total amortization expense
$5,910 $6,794 $11,838 $13,588 
The expected future amortization expense of intangible assets as of June 30, 2024 is presented below:
June 30,
2024
(In thousands)
Fiscal year:
2024 (remaining six months)$10,887 
202521,370 
202619,080 
20275,092 
Total$56,429