INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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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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March 31, 2025 |
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December 31, 2024 |
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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 |
$ |
80,935 |
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$ |
(36,275) |
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$ |
44,660 |
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$ |
80,101 |
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$ |
(33,424) |
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$ |
46,677 |
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| Acquired technology |
16,653 |
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(8,950) |
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7,703 |
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16,653 |
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(8,238) |
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8,415 |
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| Customer relationships |
12,000 |
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(6,000) |
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6,000 |
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12,000 |
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(5,400) |
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6,600 |
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| Trade names |
2,740 |
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(1,615) |
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1,125 |
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2,740 |
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(1,578) |
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1,162 |
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| Internal-use software |
191,741 |
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(165,636) |
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26,105 |
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188,164 |
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(161,228) |
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26,936 |
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Other |
250 |
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(18) |
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232 |
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220 |
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(14) |
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206 |
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304,319 |
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(218,494) |
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85,825 |
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299,878 |
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(209,882) |
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89,996 |
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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 |
$ |
305,319 |
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$ |
(218,494) |
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$ |
86,825 |
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$ |
300,878 |
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$ |
(209,882) |
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$ |
90,996 |
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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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March 31, 2025 |
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December 31, 2024 |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
80,935 |
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$ |
(36,275) |
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$ |
44,660 |
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$ |
80,101 |
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$ |
(33,424) |
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$ |
46,677 |
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| Acquired technology |
16,653 |
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(8,950) |
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7,703 |
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16,653 |
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(8,238) |
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8,415 |
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| Customer relationships |
12,000 |
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(6,000) |
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6,000 |
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12,000 |
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(5,400) |
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6,600 |
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| Trade names |
2,740 |
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(1,615) |
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1,125 |
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2,740 |
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(1,578) |
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1,162 |
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| Internal-use software |
191,741 |
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(165,636) |
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26,105 |
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188,164 |
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(161,228) |
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26,936 |
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Other |
250 |
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(18) |
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232 |
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220 |
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(14) |
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206 |
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304,319 |
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(218,494) |
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85,825 |
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299,878 |
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(209,882) |
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89,996 |
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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 |
$ |
305,319 |
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$ |
(218,494) |
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$ |
86,825 |
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$ |
300,878 |
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$ |
(209,882) |
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$ |
90,996 |
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| Schedule of Estimated Annual Amortization Expense |
As of March 31, 2025, the estimated annual amortization expense is as follows:
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Projected Amortization
Expense |
Remaining 2025 |
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$ |
24,137 |
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| 2026 |
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26,833 |
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| 2027 |
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17,715 |
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| 2028 |
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10,104 |
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| 2029 |
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6,465 |
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| Thereafter |
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571 |
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| Total |
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$ |
85,825 |
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