Table of Contents ENPHASE ENERGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The following table shows the fair value of the separately identifiable intangible assets at the time of acquisition and the period over which each intangible asset will be amortized: Fair Value Useful Life (In thousands) (Years) Developed technology $ 6,900 5 Customer relationship 1,800 5 Trade name 500 5 Total identifiable intangible assets $ 9,200 Pro forma financial information has not been presented for the Sofdesk acquisition as the impact to the Company’s consolidated financial statements was not material. The Company incurred costs related to this acquisition of $2.0 million that were recorded in general and administrative expenses in the accompanying consolidated statements of operations for the year ended December 31, 2021. 7. GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill as of December 31, 2023 and December 31, 2022 was as follows: December 31, December 31, Goodwill 2023 2022 (In thousands) Goodwill, beginning of period $ 213,559 $ 181,254 Goodwill acquired — 33,354 Currency translation adjustment 1,003 (1,049) Goodwill, end of period $ 214,562 $ 213,559 Enphase Energy, Inc. | 2023 Form 10-K | 92