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Goodwill and Acquired Intangible Assets, net
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets, net

4. Goodwill and Acquired Intangible Assets, net

Acquired intangible assets, net consisted of the following (in thousands):

 

 

 

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Developed technology

 

$

137,199

 

 

$

(118,310

)

 

$

18,889

 

 

$

117,354

 

 

$

(115,954

)

 

$

1,400

 

Trade name

 

 

2,750

 

 

 

(196

)

 

 

2,554

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

2,750

 

 

 

(115

)

 

 

2,635

 

 

 

 

 

 

 

 

 

 

Acquired intangible assets, net

 

$

142,699

 

 

$

(118,621

)

 

$

24,078

 

 

$

117,354

 

 

$

(115,954

)

 

$

1,400

 

Total amortization expense of the Company's acquired intangible assets was $0.7 million and $2.8 million for the three months ended June 30, 2024 and 2023, respectively. Total amortization expense of the Company's acquired intangible assets was $2.8 million and $5.6 million for the six months ended June 30, 2024 and 2023, respectively. There were no indicators of impairment of goodwill, long-lived assets or intangible assets during the six months ended June 30, 2024.

As of June 30, 2024, future expected amortization expense of acquired intangible assets, net was as follows (in thousands):

 

Fiscal Period

 

 

2024 remainder of the year

$

1,423

 

2025

 

2,844

 

2026

 

2,844

 

2027

 

2,844

 

2028

 

2,844

 

Thereafter

 

11,279

 

Total

$

24,078