Goodwill and Intangible Assets, net (Tables)

9 Months Ended

Sep. 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 September 30, 2023 were as follows:

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Estimated Useful Life (Years)
Developed technology	$	91,629	$	(61,694)	$	29,935	3-10
Customer relationships	18,230		(10,147)		8,083		5-10
Trademarks	11,510		(5,157)		6,353		15
Capitalized software	16,532		(3,368)		13,164		3-5
Non-compete agreement	5,844		(1,182)		4,662		3
Patents	2,929		(484)		2,445		3-19
Total intangible assets	$	146,674	$	(82,032)	$	64,642

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 nine months ended September 30, 2023 is as follows:

(in thousands)
December 31, 2022	$	124,593
Foreign currency translation impact	86
September 30, 2023	$	124,679