v3.25.2
Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The following table presents the components of net intangible assets (in thousands):
As of June 30, 2025As of December 31, 2024
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.7$26,992 $(15,357)$11,635 $26,044 $(11,938)$14,106 
Acquired customer-related9.817,633 (5,513)12,120 15,852 (4,114)11,738 
Acquired trade names5.0737 (479)258 655 (360)295 
Patents10.03,401 (2,199)1,202 3,341 (2,091)1,250 
Total6.9$48,763 $(23,548)$25,215 $45,892 $(18,503)$27,389 
In the first quarter of the subsequent annual period in which an intangible asset becomes fully amortized, the gross carrying amount and accumulated amortization are removed from the preceding table.
Amortization expense related to intangible assets was $2.0 million and $1.4 million for the three months ended June 30, 2025 and 2024, respectively, and $3.9 million and $2.8 million for the six months ended June 30, 2025 and 2024, respectively.
As of June 30, 2025, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
Remainder of 2025$3,295 
20265,982 
20274,574 
20284,096 
20292,938 
Thereafter4,330 
Total expected amortization expense$25,215 
The changes in the carrying amount of goodwill were as follows (in thousands):
Balance at December 31, 2024$196,844 
Foreign currency translation adjustments9,163 
Balance at June 30, 2025$206,007