Goodwill and Intangible Assets, net (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The gross carrying amount and accumulated amortization of the Company’s intangible assets as of June 30, 2023 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Estimated Useful Life (Years)
Developed technology	$	92,616	$	(61,280)	$	31,336	3-10
Customer relationships	18,585		(9,480)		9,105		5-10
Trademarks	11,446		(4,977)		6,469		15
Capitalized software	13,900		(2,678)		11,222		3-5
Non-compete agreement	5,864		(877)		4,987		3
Patents	2,898		(448)		2,450		3-19
Total intangible assets	$	145,309	$	(79,740)	$	65,569

The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2022 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Estimated Useful Life (Years)
Developed technology	$	73,188	$	(54,422)	$	18,766	3-8
Customer relationships	18,089		(7,602)		10,487		5-10
Trademarks	10,907		(4,119)		6,788		15
Capitalized software	9,620		(1,507)		8,113		3-5
Non-compete agreement	776		(395)		381		3
Patents	2,226		(375)		1,851		3-19
Total intangible assets	$	114,806	$	(68,420)	$	46,386

Schedule of goodwill

The change in the carrying value of goodwill for the six months ended June 30, 2023 is as follows:

(in thousands)
December 31, 2022	$	124,593
Foreign currency translation impact	758
June 30, 2023	$	125,351