v3.25.2
Goodwill and Intangibles
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangibles
Note 7. Goodwill and Intangibles
Goodwill was $575.3 million as of June 30, 2025 and December 31, 2024.
The following table presents details of our intangible assets which include acquired identifiable intangible assets and capitalized internal-use software costs:
 Weighted-
Average Estimated Useful Life (years)
As of June 30, 2025As of December 31, 2024
 Gross Carrying
Amount
Accumulated
Amortization
Net Book ValueGross Carrying
Amount
Accumulated
Amortization
Net Book Value
  (in thousands)
Intangible assets subject to amortization:
Developed technology6.3$146,855 $(103,039)$43,816 $146,855 $(94,193)$52,662 
Customer relationships4.312,000 (11,667)333 12,000 (10,363)1,637 
Trade names5.02,619 (2,619)— 2,619 (2,559)60 
Total acquired intangible assets$161,474 $(117,325)$44,149 $161,474 $(107,115)$54,359 
Internal-use software3.076,057 (45,225)30,832 68,878 (37,518)31,360 
Total intangible assets$237,531 $(162,550)$74,981 $230,352 $(144,633)$85,719 
Intangible assets are expensed on a straight-line basis over the useful life of the asset. Amortization expense was $9.0 million and $8.1 million for the three months ended June 30, 2025 and 2024, respectively, and $17.9 million and $16.5 million for the six months ended June 30, 2025 and 2024, respectively.
Estimated future amortization expense of the acquired identifiable intangible assets and completed capitalized internal-use software costs as of June 30, 2025 was as follows (in thousands):
2025 (for the remaining six months) $16,369 
202625,217 
202712,826 
20283,831 
20293,243 
2030 and thereafter4,409 
Total$65,895 
The table above excludes the impact of $9.1 million of capitalized internal-use software costs for projects that have not been completed as of June 30, 2025, and therefore, all the costs associated with these projects have not been incurred.