Acquired Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired intangible assets that are subject to amortization consisted of the following as of March 31, 2023 and December 31, 2022 (in thousands):


	March 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Completed technologies	$	333,647	$	(170,930)	$	162,717	$	327,848	$	(162,323)	$	165,525
Customer-related intangible assets	481,965		(251,001)		230,964		480,817		(244,158)		236,659
Non-compete agreements	249		(208)		41		244		(183)		61
Trademarks and trade names	14,650		(7,980)		6,670		14,642		(7,585)		7,057
Acquired license rights	34,810		(2,969)		31,841		34,810		(2,396)		32,414
Total	$	865,321	$	(433,088)	$	432,233	$	858,361	$	(416,645)	$	441,716

Aggregate expense related to amortization of acquired intangible assets for the three months ended March 31, 2023 and 2022 was $15.9 million and $13.6 million, respectively. Based on the Company’s acquired intangible assets as of March 31, 2023, aggregate expense related to amortization of acquired intangible assets is expected to be $48.0 million for the remainder of 2023, and $59.9 million, $62.4 million, $58.0 million and $44.8 million for 2024, 2025, 2026 and 2027, respectively.

The changes in the carrying amount of goodwill for the three months ended March 31, 2023 were as follows (in thousands):


Balance as of January 1, 2023	$	2,763,838
Acquisition of StorageOS, Inc.	14,989


Foreign currency translation	3,032
Balance as of March 31, 2023	$	2,781,859

The Company tests goodwill for impairment at least annually. Through the date the interim condensed consolidated financial statements were issued, no triggering events had occurred that would indicate that a potential impairment exists.