The carrying amount of goodwill was $512.9 million at both September 30, 2024 and December 31, 2023. Goodwill represents the excess purchase price over the fair value of net assets acquired. The annual impairment test was performed as of October 31, 2023. No impairment of goodwill was identified during 2023, nor has any impairment of goodwill been identified during the nine months ended September 30, 2024.


	As of September 30, 2024						As of December 31, 2023
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	55,540	$	(54,452)	$	1,088	$	55,540	$	(46,065)	$	9,475
Non-compete agreements	11,525		(11,333)		192		12,020		(10,058)		1,962
Trademarks	19,870		(18,469)		1,401		19,870		(14,266)		5,604
Acquired technology	150,097		(107,288)		42,809		150,097		(90,776)		59,321

Capitalized software development costs	75,718		(20,061)		55,657		56,147		(10,937)		45,210
	$	312,750	$	(211,603)	$	101,147	$	293,674	$	(172,102)	$	121,572

The Company recorded intangible assets from various prior business combinations as well as capitalized software development costs. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from four to seven years. Amortization expense included in cost of revenues on the condensed consolidated statements of comprehensive loss was $9.0 million and $8.0 million for the three months ended September 30, 2024 and 2023, respectively, and $25.9 million and $22.9 million for the nine months ended September 30, 2024 and 2023, respectively. Amortization expense included in operating expenses on the condensed consolidated statements of comprehensive loss was $4.8 million and $5.3 million for the three months ended September 30, 2024 and 2023, respectively, and $14.4 million and $15.8 million for the nine months ended September 30, 2024 and 2023, respectively.