v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table reflects the changes in the carrying amount of goodwill:
(in thousands)
June 30, 2025
December 31, 2024
Balance, beginning of period$58,037 $44,257 
Additions due to acquisitions (Note 3)4,197 13,780 
Balance, end of period
$62,234 $58,037 
Schedule of Intangible Assets
The following table represents intangible assets and accumulated amortization as June 30, 2025 and December 31, 2024:
(in thousands)
June 30, 2025
December 31, 2024
Software technology (1)
$42,605 $40,508 
Other purchased finite-life intangible assets
13,701 13,701 
Indefinite-lived intangible asset1,761 1,761 
Intangible assets, gross
58,067 58,067 55,970 
Less: Accumulated amortization(26,505)(18,619)
Intangible assets, net
$31,562 $37,351 
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(1)Includes capitalized equity based compensation of $6.3 million and $3.1 million as of June 30, 2025 and December 31, 2024, respectively.
Schedule of Future Amortization Expense
The Company estimates that there is no significant residual value related to its finite-life intangible assets. The expected future amortization expense for currently amortizing finite-life intangible assets for the next five years is as follows:
(in thousands)Amounts
20258,621 
20269,084 
20276,159 
20284,841 
2029 and beyond403 
Total future amortization expense
$29,108