v3.25.1
Note 14 - Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

(14)

Goodwill and Other Intangible Assets

 

The changes in the carrying amount of goodwill for the three months ended March 31, 2025 are as follows (in thousands):

 

   

Goodwill

 
         

December 31, 2024

  $ 189,657  

Foreign currency translation

    901  

March 31, 2025

  $ 190,558  

 

The carrying values of the Company’s definite lived intangible assets as of March 31, 2025 are as follows (in thousands):

 

March 31, 2025

 

Customer
List

   

Intellectual Property

   

Tradename & Brand

   

Non-
Compete

   

Total

 

Weighted-average amortization period

 

20 years

   

12.3 years

   

13.2 years

   

8.7 years

         

Gross amount

  $ 130,162     $ 27,664     $ 1,038     $ 6,721     $ 165,585  

Accumulated amortization

    (17,307 )     (2,987 )     (289 )     (2,334 )   $ (22,917 )

Net balance

  $ 112,855     $ 24,677     $ 749     $ 4,387     $ 142,668  

 

Amortization expense related to intangible assets was approximately $2.4 million and $1.0 million for the three-month periods ended March 31, 2025 and 2024, respectively. The estimated remaining amortization expense as of March 31, 2025 is as follows (in thousands):

 

Remainder of 2025

  $ 7,188  

2026

    9,581  

2027

    9,528  

2028

    9,482  

2029

    9,452  

Thereafter

    97,437  

Total

  $ 142,668