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Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
7. Goodwill and Intangible Assets
Goodwill
The following table represents the changes to goodwill during the six months ended June 30, 2024 (in thousands):
 Carrying Amount
Balance as of December 31, 2023
$142,129 
Foreign currency translation adjustments(229)
Balance as of June 30, 2024
$141,900 
There are no accumulated impairment losses for any period presented.
Intangible Assets
The following tables present details of the Company’s finite-lived intangible assets as of June 30, 2024 and December 31, 2023 (in thousands):
As of June 30, 2024
Gross Carrying AmountAccumulated Amortization ExpenseNet Carrying
Amount
Developed technology$75,370 $(46,975)$28,395 
Patents14,200 (1,400)12,800 
Assembled workforce10,000 (9,042)958 
Trade name500 (283)217 
Total intangible assets$100,070 $(57,700)$42,370 
As of December 31, 2023
Gross Carrying AmountAccumulated Amortization ExpenseNet Carrying
Amount
Developed technology$75,455 $(39,411)$36,044 
Patents14,200 (650)13,550 
Assembled workforce10,000 (7,374)2,626 
Trade name500 (233)267 
Total intangible assets$100,155 $(47,668)$52,487 
The above tables do not include $0.7 million and $0.6 million of indefinite lived intangible assets as of June 30, 2024 and December 31, 2023, respectively.
Amortization expense related to our finite-lived intangible assets was $5.0 million and $10.1 million for the three and six months ended June 30, 2024, respectively, and $4.5 million and $9.0 million for the three and six months ended June 30, 2023, respectively.
Expected future amortization expenses related to the Company’s finite-lived intangible assets as of June 30, 2024 are as follows (in thousands):
Year ending December 31:
Remainder of 2024$8,901 
202515,710 
20266,676 
20273,112 
20281,922 
Thereafter6,049 
Total remaining amortization$42,370