NOTE 4 – Goodwill and Intangible Assets The table below sets forth the changes in goodwill:
|
|
|
|
Balance at December 31, 2024 |
$ |
181,555 |
|
Foreign currency translation adjustment |
|
717 |
|
Balance at March 31, 2025 |
$ |
182,272 |
|
The table below sets forth the value of intangible assets, other than goodwill:
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
2025 |
|
|
2024 |
|
Intangible assets subject to amortization: |
|
|
|
|
|
Gross carrying amount |
$ |
270,997 |
|
|
$ |
271,000 |
|
Accumulated amortization |
|
(210,141 |
) |
|
|
(204,317 |
) |
Foreign currency translation adjustment |
|
(8,557 |
) |
|
|
(8,507 |
) |
Total intangible assets subject to amortization |
|
52,299 |
|
|
|
58,176 |
|
Intangible assets with indefinite lives: |
|
|
|
|
|
Gross carrying amount |
|
10,303 |
|
|
|
10,303 |
|
Foreign currency translation adjustment |
|
(1,017 |
) |
|
|
(1,082 |
) |
Total intangible assets with indefinite lives |
|
9,286 |
|
|
|
9,221 |
|
Total intangible assets, net |
$ |
61,585 |
|
|
$ |
67,397 |
|
The table below sets forth amortization expense related to intangible assets subject to amortization:
|
|
|
|
|
|
|
|
|
Amortization expense |
|
2025 |
|
|
2024 |
|
Three Months Ended March 31, |
|
$ |
5,824 |
|
|
$ |
3,810 |
|
|