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Intangible Assets and Goodwill
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The following table presents the components of net intangible assets (in thousands):
As of September 30, 2024As of December 31, 2023
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.7$26,591 $(10,811)$15,780 $15,949 $(7,471)$8,478 
Acquired customer-related9.716,940 (4,020)12,920 15,427 (2,769)12,658 
Acquired trade names3.02,180 (1,829)351 2,172 (1,721)451 
Patents10.03,267 (2,040)1,227 3,150 (1,845)1,305 
Total6.7$48,978 $(18,700)$30,278 $36,698 $(13,806)$22,892 
Amortization expense related to intangible assets was $2.0 million and $1.5 million for the three months ended September 30, 2024 and 2023, respectively, and $4.8 million and $4.6 million for the nine months ended September 30, 2024 and 2023, respectively.
As of September 30, 2024, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
Remainder of 2024$1,958 
20257,121 
20265,801 
20274,460 
20284,008 
Thereafter6,930 
Total expected amortization expense$30,278 
The changes in the carrying amount of goodwill were as follows (in thousands):
December 31, 2023$112,097 
Acquisition89,146 
Foreign currency translation adjustments890 
September 30, 2024$202,133