v3.25.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill were as follows (in thousands):
December 31, 2022$109,740 
Foreign currency translation adjustments
2,357 
December 31, 2023112,097 
Acquisition89,146 
Foreign currency translation adjustments(4,399)
December 31, 2024$196,844 
Intangible Assets
The following table presents the components of net intangible assets (in thousands):
December 31, 2024December 31, 2023
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.7$26,044 $(11,938)$14,106 $15,949 $(7,471)$8,478 
Acquired customer-related9.715,852 (4,114)11,738 15,427 (2,769)12,658 
Acquired trade names5.0655 (360)295 2,172 (1,721)451 
Patents10.03,341 (2,091)1,250 3,150 (1,845)1,305 
Total6.8$45,892 $(18,503)$27,389 $36,698 $(13,806)$22,892 
In the first quarter of the subsequent annual period in which an intangible asset becomes fully amortized, the gross carrying amount and accumulated amortization are removed from the preceding table.
Amortization expense related to intangible assets was $6.7 million, $6.2 million and $5.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
2025$6,906 
20265,587 
20274,335 
20283,913 
20292,754 
Thereafter3,894 
Total expected amortization expense$27,389