Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

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INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
 12 Months Ended
Dec. 31, 2023
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, 2023 December 31, 2022
Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 71,908  $ (19,457) $ 52,451  $ 21,040  $ (7,962) $ 13,078 
Acquired technology 15,003  (3,831) 11,172  15,003  (830) 14,173 
Customer relationships 12,000  (3,000) 9,000  12,000  (600) 11,400 
Trade names 2,740  (1,428) 1,312  2,740  (1,278) 1,462 
Internal-use software 168,232  (132,375) 35,857  145,798  (109,680) 36,118 
Other 145  (4) 141  —  —  — 
270,028  (160,095) 109,933  196,581  (120,350) 76,231 
Nonamortizable intangible assets:
Marketing Agreement with a related party
 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 271,028  $ (160,095) $ 110,933  $ 197,581  $ (120,350) $ 77,231 
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, 2023, 2022, and 2021, intangible asset and internal-use software amortization expenses were $39.7 million, $30.9 million, and $24.6 million, respectively.
The Company recorded a $1.1 million non-cash impairment charge within "Restructuring and related" in the Condensed Consolidated Statements of Operations during the year ended December 31, 2023. The Company recorded an $8.4 million non-cash impairment charge within "Restructuring and related" in the Consolidated Statement of Operations during the year ended December 31, 2022. There were no write-offs or impairment charges recorded for the years ended December 31, 2021.
As of December 31, 2023, the estimated annual amortization expenses for the years ending December 31, 2023 through 2028 is as follows:
Year Ending December 31, Projected Amortization
Expense
2024 $ 38,254 
2025 25,753 
2026 18,417 
2027 12,708 
2028 8,548 
Thereafter 6,253 
Total $ 109,933