Identifiable Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

	December 31,
(in thousands)	2023		2022		Estimated Useful Life	Weighted-Average Amortization Period
Acquired developed technology	$	119,800	$	119,800	3 - 7 years	4.40 years
Internally developed software costs	36,876		32,274		3 years	1.95 years
Customer relationships	14,510		12,360		7 years	4.60 years
Trade names	1,410		1,410		2 - 5 years	1.00 year
Non-competition agreements	30		30		1 year	1.00 year
	172,626		165,874
Impact of currency translation on intangible assets	1,399		304
Less: accumulated amortization	(88,259)		(63,386)
	$	85,766	$	102,792
Internally developed software costs not meeting general release threshold	2,886		2,105
Trademarks, trade names (non-amortizable)	6,200		6,200		Indefinite
	$	94,852	$	111,097

Schedule of Expected Future Amortization of Intangible Assets

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software costs not meeting the general release threshold, is as follows (in thousands):

2024	$	23,065
2025	21,477
2026	18,857
2027	15,193
2028	7,174
Thereafter	—
Total	$	85,766

Schedule of Amortization Expense

Amortization expense for identifiable intangible assets was allocated as follows:

(in thousands)	2023		2022		2021
Amortization of acquired developed technology	$	16,281	$	15,307	$	11,978
Amortization of internally developed software	6,548		6,737		5,411
Amortization of identifiable intangible assets recorded in cost of sales	$	22,829	$	22,044	$	17,389
Amortization expense recorded in operating expense	1,858		1,863		1,825
Impact of currency translation on intangible assets	(909)		(304)		—

Schedule of Goodwill

The following table presents the goodwill activities for the periods presented:

(in thousands)
Beginning balance - December 31, 2021	$	457,306
Q1 2022 Acquisition	1,212
MENU Acquisition	28,495
Punchh Acquisition ASC 805 measurement period adjustment	(1,085)
Foreign currency translation	834
Balance - December 31, 2022	486,762
Foreign currency translation	2,892
Ending balance - December 31, 2023	$	489,654

Refer to "Note 2 - Acquisitions" for additional information on goodwill recognized in acquisitions