| Schedule of Changes in Goodwill |
The following table summarizes the changes in the carrying value of the Company’s goodwill balance during the three months ended March 31, 2025 (in thousands): | | | | | | | | | | | | Goodwill | | | | | | Balance as of December 31, 2024 | $ | 569,668 | | | | | | | Goodwill related to acquisitions | — | | | | | | | Envato measurement period adjustment | 1,588 | | | | | | | Foreign currency translation adjustment | 1,164 | | | | | | | | | | | | | Balance as of March 31, 2025 | $ | 572,420 | | | | | |
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| Schedule of Intangible Assets |
Intangible assets, all of which are subject to amortization, consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2025 | | | | As of December 31, 2024 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net
Carrying
Amount | | Weighted
Average Life
(Years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net
Carrying
Amount | | Amortizing intangible assets: | | | | | | | | | | | | | | | Customer relationships | $ | 104,217 | | | $ | (37,590) | | | $ | 66,627 | | | 11 | | $ | 103,130 | | | $ | (34,847) | | | $ | 68,283 | | | Trade name | 69,223 | | | (14,578) | | | 54,645 | | | 11 | | 68,980 | | | (12,941) | | | 56,039 | | | Developed technology | 177,671 | | | (93,398) | | | 84,273 | | | 5 | | 176,560 | | | (86,140) | | | 90,420 | | | Contributor content | 70,623 | | | (37,964) | | | 32,659 | | | 8 | | 69,574 | | | (35,917) | | | 33,657 | | | | | | | | | | | | | | | | | Patents | 259 | | | (185) | | | 74 | | | 18 | | 259 | | | (181) | | | 78 | | | | | | | | | | | | | | | | | Total | $ | 421,993 | | | $ | (183,715) | | | $ | 238,278 | | | | | $ | 418,503 | | | $ | (170,026) | | | $ | 248,477 | |
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