| Goodwill and Intangible Assets |
Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows: | | | | | | | Goodwill | | (in thousands) | | Balance as of December 31, 2022 | $ | 1,646,120 | | | Goodwill acquired | 42,780 | | | Foreign currency translation | 2,927 | | | Balance as of December 31, 2023 | $ | 1,691,827 | | | Goodwill acquired | — | | | Foreign currency translation | (2,042) | | | Balance as of December 31, 2024 | $ | 1,689,785 | |
Intangible assets consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | Weighted- Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net | | | | | | | | | | (in thousands, except years) | | Domain names | 2.0 | | $ | 745 | | | $ | (613) | | | $ | 132 | | | Technology | 2.3 | | 308,333 | | | (238,189) | | | 70,144 | | | Patents | 8.8 | | 39,373 | | | (23,286) | | | 16,087 | | | Other | — | | 6,000 | | | (6,000) | | | — | | Total intangible assets | | | $ | 354,451 | | | $ | (268,088) | | | $ | 86,363 | |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2023 | | Weighted- Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net | | | | | | | | | | (in thousands, except years) | | Domain names | 3.0 | | $ | 745 | | | $ | (546) | | | $ | 199 | | | | | | | | | | | Technology | 2.8 | | 323,313 | | | (197,608) | | | 125,705 | | | | | | | | | | | Patents | 8.8 | | 39,373 | | | (19,099) | | | 20,274 | | | Other | — | | 6,000 | | | (5,875) | | | 125 | | Total intangible assets | | | $ | 369,431 | | | $ | (223,128) | | | $ | 146,303 | |
Amortization of intangible assets for the years ended December 31, 2024, 2023, and 2022 was $60.0 million, $81.1 million, and $132.3 million, respectively. We revised the useful lives of certain customer relationships, trademarks, domain names, and technology for the years ended December 31, 2024, 2023 and 2022, which resulted in a $3.2 million, $19.9 million, and $49.3 million increase to amortization expense for the respective years. As of December 31, 2024, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: | | | | | | | Estimated Amortization | | (in thousands) | | Year ending December 31, | | | 2025 | $ | 41,513 | | | 2026 | 20,299 | | | 2027 | 12,124 | | | 2028 | 4,343 | | | 2029 | 1,335 | | | Thereafter | 6,749 | | | Total | $ | 86,363 | |
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