GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

9.GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets are as follows for the periods presented:

	As of December 31,
	2023		2022
Goodwill	$	257,842	$	251,842
Other intangible assets, net		2,396		5,181
Total	$	260,238	$	257,023

The changes in the carrying amount of goodwill are as follows for the periods presented:

	As of December 31,
	2023		2022
Balance, January 1	$	251,842	$	270,041
Measurement period adjustments		—		(10,329)
Foreign currency translation adjustments		6,000		(7,870)
Balance, December 31, gross		257,842		251,842
Accumulated impairment losses		—		—
Balance, December 31, net	$	257,842	$	251,842

The Company recognized various amortizable other intangible assets in connection with acquisitions, including customer relationships, technology, and tradenames. The following tables provide additional information for our other intangible assets, which are individually not material to the consolidated financial statements:

						As of December 31,
						2023		2022
Weighted average amortization period (years)						3.5		3.5
	As of December 31, 2023					As of December 31, 2022
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	8,348	$	6,385	$	8,225	$	3,855
Trademarks and tradenames		1,303		1,119		1,240		887
Developed technology		1,309		1,060		1,202		744
Total	$	10,960	$	8,564	$	10,667	$	5,486
For the year ended December 31,			Cost of Revenues, Software Subscriptions		Selling and Marketing Expense			Total Expense
2023			$	243	$	2,641	$	2,884
2022				234		3,779		4,013
2021				253		813		1,066

The following table presents estimated future amortization of intangible assets over their remaining estimated useful lives:

Year Ending December 31,
2024	$	2,110
2025		286
Total	$	2,396

The Company recorded other intangible assets of $6,500 during the year ended December 31, 2022 in connection with finalization of the LCR-Dixon acquisition opening balance sheet. The Company recorded amortization expense of $2,825 for the year ended December 31, 2022, which is included in cost of revenues, software subscriptions, and selling and marketing expense. Included in this amount is $625 that would have been recorded during the year ended December 31, 2021 had the fair value of the acquired LCR-Dixon other intangible assets been available on the acquisition date.