INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET (Tables)
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9 Months Ended |
Sep. 30, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Finite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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September 30, 2024 |
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December 31, 2023 |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
76,287 |
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$ |
(29,874) |
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$ |
46,413 |
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$ |
71,908 |
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$ |
(19,457) |
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$ |
52,451 |
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| Acquired technology |
16,653 |
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(7,526) |
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9,127 |
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15,003 |
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(3,831) |
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11,172 |
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| Customer relationships |
12,000 |
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(4,800) |
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7,200 |
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12,000 |
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(3,000) |
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9,000 |
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| Trade names |
2,740 |
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(1,540) |
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1,200 |
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2,740 |
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(1,428) |
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1,312 |
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| Internal-use software |
183,945 |
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(149,316) |
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34,629 |
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168,232 |
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(132,375) |
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35,857 |
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Other |
220 |
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(11) |
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209 |
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145 |
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(4) |
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141 |
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291,845 |
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(193,067) |
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98,778 |
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270,028 |
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(160,095) |
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109,933 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
292,845 |
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$ |
(193,067) |
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$ |
99,778 |
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$ |
271,028 |
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$ |
(160,095) |
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$ |
110,933 |
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| Schedule of Indefinite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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September 30, 2024 |
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December 31, 2023 |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
76,287 |
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$ |
(29,874) |
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$ |
46,413 |
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$ |
71,908 |
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$ |
(19,457) |
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$ |
52,451 |
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| Acquired technology |
16,653 |
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(7,526) |
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9,127 |
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15,003 |
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(3,831) |
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11,172 |
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| Customer relationships |
12,000 |
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(4,800) |
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7,200 |
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12,000 |
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(3,000) |
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9,000 |
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| Trade names |
2,740 |
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(1,540) |
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1,200 |
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2,740 |
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(1,428) |
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1,312 |
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| Internal-use software |
183,945 |
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(149,316) |
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34,629 |
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168,232 |
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(132,375) |
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35,857 |
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Other |
220 |
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(11) |
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209 |
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145 |
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(4) |
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141 |
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291,845 |
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(193,067) |
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98,778 |
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270,028 |
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(160,095) |
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109,933 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
292,845 |
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$ |
(193,067) |
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$ |
99,778 |
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$ |
271,028 |
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$ |
(160,095) |
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$ |
110,933 |
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| Schedule of Estimated Annual Amortization Expense |
As of September 30, 2024, the estimated annual amortization expense is as follows:
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| Year Ending December 31, |
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Projected Amortization
Expense |
Remaining 2024 |
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$ |
11,108 |
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| 2025 |
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33,382 |
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| 2026 |
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22,324 |
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| 2027 |
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15,327 |
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| 2028 |
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9,652 |
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| Thereafter |
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6,985 |
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| Total |
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$ |
98,778 |
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