Goodwill and Acquisition-Related Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets

Acquisition-related intangible assets, excluding those that are fully amortized, were as follows (in thousands, except years):


	Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount				Weighted Average Remaining Useful Life (in years)
	December 31, 2023		Additions		September 30, 2024		December 31, 2023		Amortization		September 30, 2024		December 31, 2023		September 30, 2024
Developed technology	$	154,930	$	—	$	154,930	$	(102,493)	$	(12,583)	$	(115,076)	$	52,437	$	39,854	3.5
Customer relationships	54,620		—		54,620		(21,797)		(5,777)		(27,574)		32,823		27,046		4.1
Trade name	12,390		—		12,390		(8,882)		(1,710)		(10,592)		3,508		1,798		0.9
Total	$	221,940	$	—	$	221,940	$	(133,172)	$	(20,070)	$	(153,242)	$	88,768	$	68,698	3.7

Amortization expense related to acquisition-related intangible assets was $6.7 million and $8.1 million for the three months ended September 30, 2024 and 2023, respectively, and $20.1 million and $26.7 million for the nine months ended September 30, 2024 and 2023, respectively.

As of September 30, 2024, future estimated amortization expense related to acquisition-related intangible assets is as follows (in thousands):


	Future Amortization Expense
Remainder of 2024	$	6,690
2025	19,642
2026	17,260
2027	13,436
2028	10,037
Thereafter	1,633
Total	$	68,698

Goodwill

There was no change to goodwill for the three and nine months ended September 30, 2024.