INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

NOTE 10—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

Intangible Assets

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:

	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangible assets:
Licenses	$	71,908	$	(19,457)	$	52,451	$	21,040	$	(7,962)	$	13,078
Acquired technology	15,003		(3,831)		11,172		15,003		(830)		14,173
Customer relationships	12,000		(3,000)		9,000		12,000		(600)		11,400
Trade names	2,740		(1,428)		1,312		2,740		(1,278)		1,462
Internal-use software	168,232		(132,375)		35,857		145,798		(109,680)		36,118
Other	145		(4)		141		—		—		—
	270,028		(160,095)		109,933		196,581		(120,350)		76,231
Nonamortizable intangible assets:
Marketing Agreement with a related party	1,000		—		1,000		1,000		—		1,000
Total intangible assets	$	271,028	$	(160,095)	$	110,933	$	197,581	$	(120,350)	$	77,231

The aggregate amortization expenses for amortizable intangible assets are reflected in “Depreciation and amortization” in the Consolidated Statements of Operations. During the years ended December 31, 2023, 2022, and 2021, intangible asset and internal-use software amortization expenses were $39.7 million, $30.9 million, and $24.6 million, respectively.

The Company recorded a $1.1 million non-cash impairment charge within "Restructuring and related" in the Condensed Consolidated Statements of Operations during the year ended December 31, 2023. The Company recorded an $8.4 million non-cash impairment charge within "Restructuring and related" in the Consolidated Statement of Operations during the year ended December 31, 2022. There were no write-offs or impairment charges recorded for the years ended December 31, 2021.

As of December 31, 2023, the estimated annual amortization expenses for the years ending December 31, 2023 through 2028 is as follows:

Year Ending December 31,	Projected Amortization Expense
2024	$	38,254
2025	25,753
2026	18,417
2027	12,708
2028	8,548
Thereafter	6,253
Total	$	109,933