Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6 – Goodwill and Other Intangible Assets

Goodwill

Changes in the net carrying amount of goodwill were as follows:


	Total
Goodwill as of December 31, 2024	$	201,304
Foreign exchange impact		6,243
Goodwill as of June 30, 2025	$	207,547

Other Intangible Assets

Other intangible assets, net consist of the following components:


	As of
	June 30, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	217,035	$	(80,182	)	$	136,853
Technology and other intangibles		62,197		(37,265	)		24,932
Other intangible assets, net	$	279,232	$	(117,447	)	$	161,785


	As of
	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	210,354	$	(72,500	)	$	137,854
Technology and other intangibles		61,244		(35,216	)		26,028
Other intangible assets, net	$	271,598	$	(107,716	)	$	163,882

Amortization expense for the three months ended June 30, 2025 and June 30, 2024 was $4,044 and $2,807, respectively. Amortization expense for the six months ended June 30, 2025 and June 30, 2024 was $8,075 and $5,633, respectively.

Remaining amortization expense for other intangible assets as of June 30, 2025 is as follows:


	Amortization expense
Remaining 2025	$	8,100
2026		16,155
2027		16,094
2028		16,059
2029		14,892
Thereafter		90,485
Total amortization expense	$	161,785