Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

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INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
NOTE 9—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:
March 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 $ 74,279  $ (22,818) $ 51,461  $ 71,908  $ (19,457) $ 52,451 
Acquired technology 15,003  (4,581) 10,422  15,003  (3,831) 11,172 
Customer relationships 12,000  (3,600) 8,400  12,000  (3,000) 9,000 
Trade names 2,740  (1,465) 1,275  2,740  (1,428) 1,312 
Internal-use software 173,733  (138,045) 35,688  168,232  (132,375) 35,857 
Other
 146  (6) 140  145  (4) 141 
277,901  (170,515) 107,386  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 $ 278,901  $ (170,515) $ 108,386  $ 271,028  $ (160,095) $ 110,933 
During the three months ended March 31, 2024 and 2023, intangible asset and internal-use software amortization were $10.4 million and $9.5 million, respectively. The aggregate amortization expense for amortizable intangible assets and internal-use software is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations.
There were no impairment charges for intangible assets or internal-use software for the three months ended March 31, 2024 and 2023.
As of March 31, 2024, the estimated annual amortization expense is as follows:
Year Ending December 31, Projected Amortization
Expense
Remaining 2024
 $ 29,446 
2025 28,016 
2026 20,681 
2027 13,726 
2028 8,978 
Thereafter 6,539 
Total $ 107,386