| Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following (in thousands):
|
|
|
December 31, 2024
|
|
December 31, 2023
|
| |
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Carrying
Value
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Carrying
Value
|
|
Developed and purchased technology
|
|
$
|
108,700 |
|
$
|
(55,047 |
)
|
|
$
|
53,653 |
|
$
|
108,700 |
|
$
|
(38,050 |
)
|
|
$
|
70,650 |
|
Customer relationships
|
|
|
69,400 |
|
|
(26,011 |
)
|
|
|
43,389 |
|
|
69,400 |
|
|
(17,336 |
)
|
|
|
52,064 |
|
Trademarks and trade names
|
|
|
12,200 |
|
|
(4,373 |
)
|
|
|
7,827 |
|
|
12,200 |
|
|
(3,022 |
)
|
|
|
9,178 |
|
Total intangible assets
|
|
$
|
190,300 |
|
$
|
(85,431 |
)
|
|
$
|
104,869 |
|
$
|
190,300 |
|
$
|
(58,408 |
)
|
|
$
|
131,892 |
|
| Schedule of Estimated Amortization Expense for Intangible Assets |
The estimated amortization expense for intangible assets subsequent to December 31, 2024, consists of the following (in thousands):
|
Year Ending December 31:
|
|
|
|
2025
|
|
$
|
27,022 |
|
2026
|
|
|
21,979 |
|
2027
|
|
|
21,882 |
|
2028
|
|
|
21,882 |
|
Thereafter
|
|
|
12,104 |
| |
|
$
|
104,869 |
|