v3.25.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill as of March 31, 2025 and December 31, 2024 are as follows:

Goodwill, net
(In thousands)
Balance as of December 31, 2024 (1)
$222,554 
Foreign exchange adjustment1,230 
Balance as of March 31, 2025 (1)
$223,784 

(1) As of March 31, 2025 and December 31, 2024, the accumulated impairment balance was $72.4 million.
Summary of Intangible Assets
Intangible assets, net are summarized as follows:
March 31,December 31,
20252024
(In thousands)
Patents:
Gross carrying amount$18,161 $17,609 
Accumulated amortization(2,705)(2,539)
Net carrying amount$15,456 $15,070 
Weighted average amortization period13.8 years12.7 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of March 31, 2025, estimated annual amortization expense for the next five years and thereafter is as follows:  
Estimated Amortization Expense
(In thousands)
Remainder of 2025$510 
2026613 
2027580 
2028579 
2029563 
Thereafter12,611 
Total$15,456