Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

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INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
NOTE 10—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
December 31, 2024 December 31, 2023
Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 80,101  $ (33,424) $ 46,677  $ 71,908  $ (19,457) $ 52,451 
Acquired technology 16,653  (8,238) 8,415  15,003  (3,831) 11,172 
Customer relationships 12,000  (5,400) 6,600  12,000  (3,000) 9,000 
Trade names 2,740  (1,578) 1,162  2,740  (1,428) 1,312 
Internal-use software 188,164  (161,228) 26,936  168,232  (132,375) 35,857 
Other 220  (14) 206  145  (4) 141 
299,878  (209,882) 89,996  270,028  (160,095) 109,933 
Nonamortizable intangible assets:
Marketing Agreement with a related party
 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 300,878  $ (209,882) $ 90,996  $ 271,028  $ (160,095) $ 110,933 
The aggregate amortization expenses for amortizable intangible assets are reflected in “Depreciation and amortization” in the Consolidated Statements of Operations. During the years ended December 31, 2024 and 2023, intangible asset and internal-use software amortization expenses were $40.6 million and $39.7 million, respectively.
The Company recorded non-cash impairment charges within "Restructuring and related" in the Consolidated Statements of Operations in the amounts of a $9.2 million and $1.1 million during the years ended December 31, 2024 and December 31, 2023, respectively.
As of December 31, 2024, the estimated annual amortization expenses for the years ending December 31, 2025 through 2029 and thereafter is as follows:
Year Ending December 31, Projected Amortization
Expense
2025 $ 31,463 
2026 25,183 
2027 16,521 
2028 9,815 
2029 6,463 
Thereafter 551 
Total $ 89,996