INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET (Tables)
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3 Months Ended |
Mar. 31, 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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March 31, 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 |
$ |
74,279 |
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$ |
(22,818) |
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$ |
51,461 |
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$ |
71,908 |
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$ |
(19,457) |
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$ |
52,451 |
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| Acquired technology |
15,003 |
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(4,581) |
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10,422 |
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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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(3,600) |
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8,400 |
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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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(1,465) |
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1,275 |
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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 |
173,733 |
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(138,045) |
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35,688 |
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168,232 |
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(132,375) |
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35,857 |
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Other |
146 |
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(6) |
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140 |
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145 |
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(4) |
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141 |
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277,901 |
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(170,515) |
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107,386 |
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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 |
$ |
278,901 |
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$ |
(170,515) |
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$ |
108,386 |
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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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March 31, 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 |
$ |
74,279 |
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$ |
(22,818) |
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$ |
51,461 |
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$ |
71,908 |
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$ |
(19,457) |
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$ |
52,451 |
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| Acquired technology |
15,003 |
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(4,581) |
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10,422 |
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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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(3,600) |
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8,400 |
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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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(1,465) |
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1,275 |
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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 |
173,733 |
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(138,045) |
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35,688 |
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168,232 |
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(132,375) |
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35,857 |
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Other |
146 |
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(6) |
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140 |
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145 |
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(4) |
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141 |
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277,901 |
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(170,515) |
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107,386 |
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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 |
$ |
278,901 |
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$ |
(170,515) |
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$ |
108,386 |
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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 March 31, 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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$ |
29,446 |
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| 2025 |
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28,016 |
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| 2026 |
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20,681 |
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| 2027 |
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13,726 |
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| 2028 |
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8,978 |
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| Thereafter |
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6,539 |
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| Total |
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$ |
107,386 |
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