Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

9. Goodwill and Intangible Assets

Goodwill was $28,772 as of December 31, 2023 and 2022. There was no impairment of goodwill recorded during the years ended December 31, 2023, 2022, or 2021.

Identifiable intangible assets consisted of the following as of December 31, 2023:

	Original		Accumulated			Net Book
	Cost		Amortization			Value
Developed technology	$	32,620	$	(24,666	)	$	7,954
Customer relationship		10,690		(3,519	)		7,171
Patent		7,623		(7,623	)		—
Independent sales agency network		4,500		(4,500	)		—
Trade names and trademarks		2,080		(1,590	)		490
Non-compete agreements		1,010		(754	)		256
Total	$	58,523	$	(42,652	)	$	15,871

Identifiable intangible assets consisted of the following as of December 31, 2022:

	Original		Accumulated			Net Book
	Cost		Amortization			Value
Developed technology	$	32,620	$	(21,164	)	$	11,456
Customer relationship		10,690		(2,450	)		8,240
Patent		7,623		(7,623	)		—
Independent sales agency network		4,500		(4,500	)		—
Trade names and trademarks		2,080		(1,393	)		687
Non-compete agreements		1,010		(604	)		406
Total	$	58,523	$	(37,734	)	$	20,789

Amortization of intangible assets, calculated on a straight-line basis or using an accelerated method, which reflects the pattern in which the economic benefits of the intangible assets are consumed, was $4,918, $4,883 and $4,949 for the years ended December 31, 2023, 2022, and 2021, respectively. Estimated future annual amortization expense related to these intangible assets is as follows:

2024	$	3,403
2025		3,323
2026		3,043
2027		2,283
2028		1,968
Thereafter		1,851
Total	$	15,871