| Intangible Assets and Goodwill |
7. Intangible Assets and GoodwillIntangible AssetsThe following table presents information about capitalized software development costs:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
Capitalized software development costs |
|
2025 |
|
|
2024 |
|
Capitalized |
|
$ |
4,462 |
|
|
$ |
4,039 |
|
Amortized |
|
|
4,633 |
|
|
|
4,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2025 |
|
|
|
Gross |
|
|
Accumulated |
|
|
|
|
|
|
Amount |
|
|
Amortization |
|
|
Net Amount |
|
Internally developed software |
|
$ |
123,179 |
|
|
$ |
(97,122 |
) |
|
$ |
26,057 |
|
Non-compete |
|
|
6,194 |
|
|
|
(4,761 |
) |
|
|
1,433 |
|
Customer relationships |
|
|
72,512 |
|
|
|
(47,821 |
) |
|
|
24,691 |
|
Technology |
|
|
45,791 |
|
|
|
(34,103 |
) |
|
|
11,688 |
|
Trade name |
|
|
7,748 |
|
|
|
(3,605 |
) |
|
|
4,143 |
|
Total intangible assets |
|
$ |
255,424 |
|
|
$ |
(187,412 |
) |
|
$ |
68,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 |
|
|
|
Gross |
|
|
Accumulated |
|
|
|
|
|
|
Amount |
|
|
Amortization |
|
|
Net Amount |
|
Internally developed software |
|
$ |
118,717 |
|
|
$ |
(92,489 |
) |
|
$ |
26,228 |
|
Non-compete |
|
|
6,194 |
|
|
|
(4,557 |
) |
|
|
1,637 |
|
Customer relationships |
|
|
72,512 |
|
|
|
(45,827 |
) |
|
|
26,685 |
|
Technology |
|
|
45,791 |
|
|
|
(33,590 |
) |
|
|
12,201 |
|
Trade name |
|
|
7,748 |
|
|
|
(3,431 |
) |
|
|
4,317 |
|
Total intangible assets |
|
$ |
250,962 |
|
|
$ |
(179,894 |
) |
|
$ |
71,068 |
|
Total amortization expense associated with identifiable intangible assets was as follows:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
Total amortization expense associated with identifiable intangible assets |
|
$ |
7,518 |
|
|
$ |
7,830 |
|
Impairment and write-off of intangible assetsImpairment and write-off expense related to internally developed software projects was as follows:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
Impairment and write-off of intangible assets |
|
$ |
- |
|
|
$ |
162 |
|
GoodwillThere were no changes in goodwill during the three months ended March 31, 2025.
|