v3.25.1
Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Definite-lived Amortizable Intangible Assets
The gross carrying amounts, accumulated amortization and net carrying amounts of the Company’s definite-lived amortizable intangible assets, as well as its indefinite-lived intangible trade names, are as follows:
Mar. 31, 2025
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Developed technology$496,000 $393,257 $102,743 
Customer relationships232,000 128,760 103,240 
Total intangible assets subject to amortization$728,000 $522,017 $205,983 
Indefinite-lived trade names73,000 
Total intangible assets$278,983 
Dec. 31, 2024
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Developed technology$496,000 $375,543 $120,457 
Customer relationships232,000 122,960 109,040 
Total intangible assets subject to amortization$728,000 $498,503 $229,497 
Indefinite-lived trade names73,000 
Total intangible assets$302,497 
Schedule of Indefinite-lived Intangible Trade Names
The gross carrying amounts, accumulated amortization and net carrying amounts of the Company’s definite-lived amortizable intangible assets, as well as its indefinite-lived intangible trade names, are as follows:
Mar. 31, 2025
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Developed technology$496,000 $393,257 $102,743 
Customer relationships232,000 128,760 103,240 
Total intangible assets subject to amortization$728,000 $522,017 $205,983 
Indefinite-lived trade names73,000 
Total intangible assets$278,983 
Dec. 31, 2024
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Developed technology$496,000 $375,543 $120,457 
Customer relationships232,000 122,960 109,040 
Total intangible assets subject to amortization$728,000 $498,503 $229,497 
Indefinite-lived trade names73,000 
Total intangible assets$302,497 
Schedule of Expected Amortization Expense Related to Intangible Assets
As of March 31, 2025, expected amortization expense related to intangible assets for each of the five succeeding years is as follows:
(in thousands)Developed TechnologyCustomer RelationshipsTotal
Remainder of 2025$53,143 $17,400 $70,543 
202649,600 23,200 72,800 
2027— 23,200 23,200 
2028— 23,200 23,200 
2029— 16,240 16,240 
Thereafter
— — — 
Total$102,743 $103,240 $205,983