| Goodwill and Intangible Assets, net |
Goodwill and Intangible Assets, net Goodwill
The changes in the carrying value of goodwill for the three months ended March 31, 2025 is as follows (in thousands):
| | | | | | | December 31, 2024 | $ | 123,499 | | Foreign currency translation impact | 761 | | | March 31, 2025 | $ | 124,260 | |
Intangible Assets, Net
The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of March 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Gross
Carrying
Value | | Accumulated
Amortization | | Net Carrying
Value | | Estimated
Useful Life
(Years) | | Developed technology | $ | 91,629 | | | $ | (75,174) | | $ | 16,455 | | | 3 - 10 | | Capitalized software | 23,939 | | | (9,562) | | 14,377 | | | 3 - 5 | | Customer relationships | 17,926 | | | (14,585) | | 3,341 | | | 5 - 10 | | Trademarks | 11,670 | | | (6,392) | | 5,278 | | | 15 | | Non-compete agreement | 5,839 | | | (2,882) | | 2,957 | | | 3 | | Patents | 4,081 | | | (840) | | 3,241 | | | 3 - 19 | | Total intangible assets | $ | 155,084 | | | $ | (109,435) | | $ | 45,649 | | | |
The gross carrying amount and accumulated amortization of the Company’s intangible assets, net, as of December 31, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Gross
Carrying
Value | | Accumulated
Amortization | | Net Carrying
Value | | Estimated
Useful Life
(Years) | | Developed technology | $ | 91,629 | | | $ | (74,655) | | $ | 16,974 | | 3 - 10 | | Capitalized software | 22,983 | | | (8,027) | | 14,956 | | | 3 - 5 | | Customer relationships | 17,569 | | | (13,696) | | 3,873 | | | 5 - 10 | | Trademarks | 11,674 | | | (6,189) | | 5,485 | | | 15 | | Non-compete agreement | 5,814 | | | (2,605) | | 3,209 | | | 3 | | Patents | 3,781 | | | (766) | | 3,015 | | | 3 - 19 | | Total intangible assets | $ | 153,450 | | | $ | (105,938) | | | $ | 47,512 | | | |
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