v3.25.2
GOODWILL AND INTANGIBLES (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets The following table presents the Company’s intangible asset balance by asset class as of June 30, 2025 (in thousands):
Intangible AssetCostAccumulated AmortizationNet Book ValueAmortization MethodUseful Life
Trade Names$900 $(900)$— Straight line2 years
Developed Technology54,677 (37,907)16,770 Straight line
4-10 years
Patents34,900 (7,064)27,836 Straight line
5-15 years
Customer Relationships24,300 (6,986)17,314 Straight line10 years
Non-Competition Agreements1,900 (1,093)807 Straight line5 years
Other658 (658)— Straight line5 years
Total$117,335 $(54,608)$62,727 

The following table presents the Company’s intangible asset balance by asset class for the fiscal year ended December 31, 2024 (in thousands):
Intangible AssetCostAccumulated AmortizationNet Book ValueAmortization MethodUseful Life
Trade Names$900 $(900)$— Straight line2 years
Developed Technology53,500 (31,074)22,426 Straight line
4-10 years
In-process R&D1,177 — 1,177 IndefiniteN/A
Patents34,900 (5,834)29,066 Straight line
5-15 years
Customer Relationships24,300 (5,771)18,529 Straight line10 years
Non-Competition Agreements1,900 (903)997 Straight line5 years
Other658 (658)— Straight line5 years
Total$117,335 $(45,140)$72,195 
The following table presents the changes in the Company’s intangible asset balance (in thousands):
                
Intangible Assets, net
Balance at December 31, 2024$72,195 
Amortization expense(9,468)
Balance at June 30, 2025$62,727 
Schedule of Indefinite-Lived Intangible Assets The following table presents the Company’s intangible asset balance by asset class as of June 30, 2025 (in thousands):
Intangible AssetCostAccumulated AmortizationNet Book ValueAmortization MethodUseful Life
Trade Names$900 $(900)$— Straight line2 years
Developed Technology54,677 (37,907)16,770 Straight line
4-10 years
Patents34,900 (7,064)27,836 Straight line
5-15 years
Customer Relationships24,300 (6,986)17,314 Straight line10 years
Non-Competition Agreements1,900 (1,093)807 Straight line5 years
Other658 (658)— Straight line5 years
Total$117,335 $(54,608)$62,727 

The following table presents the Company’s intangible asset balance by asset class for the fiscal year ended December 31, 2024 (in thousands):
Intangible AssetCostAccumulated AmortizationNet Book ValueAmortization MethodUseful Life
Trade Names$900 $(900)$— Straight line2 years
Developed Technology53,500 (31,074)22,426 Straight line
4-10 years
In-process R&D1,177 — 1,177 IndefiniteN/A
Patents34,900 (5,834)29,066 Straight line
5-15 years
Customer Relationships24,300 (5,771)18,529 Straight line10 years
Non-Competition Agreements1,900 (903)997 Straight line5 years
Other658 (658)— Straight line5 years
Total$117,335 $(45,140)$72,195 
The following table presents the changes in the Company’s intangible asset balance (in thousands):
                
Intangible Assets, net
Balance at December 31, 2024$72,195 
Amortization expense(9,468)
Balance at June 30, 2025$62,727 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Total future amortization expense of intangible assets is estimated to be as follows (in thousands):
Fiscal Year Ending December 31,Total
2025 (remainder of fiscal 2025)$9,442 
202614,347 
20275,641 
20284,996 
20294,690 
Thereafter23,611 
Total$62,727