Company: TENB
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001660280-25-000034
Chunk: 137

Company: Tenable Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 137
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 and 2022, respectively.Goodwill and Acquired Intangible AssetsThe changes in the carrying amount of goodwill are as follows:(in thousands)Balance at December 31, 2023$518,539 Acquired goodwill22,753 Balance at December 31, 2024$541,292 The excess purchase consideration over the fair value of acquired assets and liabilities is recorded as goodwill. The acquired goodwill reflects the synergies we expect from marketing and selling these new capabilities from Eureka and Ermetic to our customers. Acquired goodwill is generally not tax deductible.Acquired intangible assets subject to amortization are as follows:December 31, 2024December 31, 2023Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAcquired technology$149,437 $(54,976)$94,461 $142,537 $(35,520)$107,017 Trade name490 (490)— 490 (490)— $149,927 $(55,466)$94,461 $143,027 $(36,010)$107,017 Amortization of acquired intangible assets was $19.5 million, $13.9 million and $11.4 million in 2024, 2023 and 2022, respectively. At December 31, 2024, our acquired intangible assets are expected to be amortized over an estimated weighted average period of 5.3 years.

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At December 31, 2024, estimated future amortization of intangible assets is as follows:(in thousands)Year ending December 31,2025$20,056 202619,870 202717,840 202814,797 202911,178 Thereafter10,720 Total$94,461 

7. Leases

We have operating leases for office facilities. Our leases have remaining terms of one year to just over seven years, some of which include one or more options to renew, with renewal terms up to five years and one of which includes an option to terminate the lease within the next five years.In October 2024, we entered into a new lease in Tel Aviv, Israel. The lease term is 7 years, with future lease payments of $19.8 million.The components of lease expense were as follows:Year Ended December 31,(in thousands)202420