Condensed consolidated financial statement details

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Intangible Assets Disclosure

Intangible assets

	Useful life (in months)	September 30, 2024
(in thousands)		Gross carrying value		Accumulated amortization		Net carrying value
Purchased technology	20-72	$	58,566	$	(52,160)	$	6,406
Domain name		15		—		15
Total intangible assets		$	58,581	$	(52,160)	$	6,421

	Useful life (in months)	December 31, 2023
(in thousands)		Gross carrying value		Accumulated amortization		Net carrying value
Purchased technology	20-72	$	51,066	$	(51,066)	$	—
Domain name		15		—		15
Total intangible assets		$	51,081	$	(51,066)	$	15

The gross carrying value of purchased technology increased $7.5 million from December 31, 2023 as a result of the acquisition of Forcite Helmet Systems in February 2024 (see Note 2 Business Acquisitions). Amortization expense was $0.5 million and zero for the three months ended September 30, 2024 and 2023, respectively, and $1.1 million and zero for the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, expected amortization expense of intangible assets with definite lives for future periods was as follows:

(in thousands)	Total
Year ending December 31,
2024 (remaining 3 months)	$	468
2025	1,875
2026	1,875
2027	1,875
2028	313
	$	6,406