Goodwill and Other Intangibles (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Finite-Lived Intangible Assets |
Total intangibles assets consisted of the following as of March 31, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2025 | | (in thousands) | | Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Finite-lived: | | | | | | | | Customer Relationships | | $ | 92,800 | | | $ | (4,674) | | | $ | 88,126 | | | Developed Technology | | 99,200 | | | (14,724) | | | 84,476 | | | Tradenames | | 6,450 | | | (276) | | | 6,174 | | Total amortizable intangible assets | | 198,450 | | | (19,674) | | | 178,776 | | Website domain name (Indefinite-lived) | | 25 | | | — | | | 25 | | | Total intangible assets | | $ | 198,475 | | | $ | (19,674) | | | $ | 178,801 | |
| | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | (in thousands) | | Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Finite-lived: | | | | | | | | Customer Relationships | | $ | 20,470 | | | $ | (4,185) | | | $ | 16,285 | | | Developed Technology | | 27,700 | | | (15,502) | | | 12,198 | | | Tradenames | | 750 | | | (237) | | | 513 | | Total amortizable intangible assets | | 48,920 | | | (19,924) | | | 28,996 | | Website domain name (Indefinite-lived) | | 25 | | | — | | | 25 | | | Total intangible assets | | $ | 48,945 | | | $ | (19,924) | | | $ | 29,021 | |
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| Schedule of Indefinite-Lived Intangible Assets |
Total intangibles assets consisted of the following as of March 31, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2025 | | (in thousands) | | Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Finite-lived: | | | | | | | | Customer Relationships | | $ | 92,800 | | | $ | (4,674) | | | $ | 88,126 | | | Developed Technology | | 99,200 | | | (14,724) | | | 84,476 | | | Tradenames | | 6,450 | | | (276) | | | 6,174 | | Total amortizable intangible assets | | 198,450 | | | (19,674) | | | 178,776 | | Website domain name (Indefinite-lived) | | 25 | | | — | | | 25 | | | Total intangible assets | | $ | 198,475 | | | $ | (19,674) | | | $ | 178,801 | |
| | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | (in thousands) | | Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Finite-lived: | | | | | | | | Customer Relationships | | $ | 20,470 | | | $ | (4,185) | | | $ | 16,285 | | | Developed Technology | | 27,700 | | | (15,502) | | | 12,198 | | | Tradenames | | 750 | | | (237) | | | 513 | | Total amortizable intangible assets | | 48,920 | | | (19,924) | | | 28,996 | | Website domain name (Indefinite-lived) | | 25 | | | — | | | 25 | | | Total intangible assets | | $ | 48,945 | | | $ | (19,924) | | | $ | 29,021 | |
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| Schedule of Definite-Lived Intangible Assets, Future Amortization Expense |
The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in thousands): | | | | | | 2025 (nine months remaining) | 19,859 | | | 2026 | 26,478 | | | 2027 | 23,614 | | | 2028 | 21,887 | | | 2029 | 21,887 | | | Thereafter | 65,051 | | | $ | 178,776 | |
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