v3.24.2.u1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
The following tables summarize the Company’s intangible assets for the periods presented (in thousands, except years):
As of June 30, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Useful Lives
(in years)
Developed technology$73,367 $(54,992)$18,375 5.9
Customer relationships14,100 (14,100)— —
Tradename20,400 (6,966)13,434 9.8
Patents4,076 (1,334)2,742 14.0
Total Intangible assets$111,943 $(77,392)$34,551 6.7
As of December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-Average Useful Lives
(in years)
Developed technology$73,367 $(49,087)$24,280 5.9
Customer relationships14,100 (13,948)152 4.0
Tradename20,400 (5,966)14,434 9.8
Patents4,076 (1,189)2,887 14.0
Total Intangible assets$111,943 $(70,190)$41,753 6.7
Schedule of Estimated Future Amortization Expense for Intangible Assets
As of June 30, 2024, the estimated future amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
Year Ending December 31, 
2024 (remaining 6 months)$7,050 
202512,533 
20264,074 
20272,737 
20282,291 
Thereafter5,866 
Total$34,551