| Goodwill and Intangible Assets Disclosure [Text Block] |
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4. Goodwill and Other Intangible Assets
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There was no change to goodwill during the six months ended June 30, 2025. Other intangible assets consisted of the following:
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June 30, 2025
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December 31, 2024
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Gross
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Net
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Gross
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Net
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Carrying
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Accumulated
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Carrying
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Carrying
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Accumulated
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Carrying
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Value
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Amortization
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Value
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Value
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Amortization
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Value
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(in thousands)
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Product technology and intellectual property
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$ |
29,549 |
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$ |
20,038 |
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$ |
9,511 |
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$ |
29,549 |
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$ |
18,709 |
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$ |
10,840 |
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Trademarks, tradenames and licenses
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3,767 |
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2,437 |
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1,330 |
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3,767 |
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2,261 |
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1,506 |
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Customer relationships
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37,266 |
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15,034 |
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22,232 |
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37,171 |
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13,709 |
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23,462 |
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Other intangible assets
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1,631 |
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1,552 |
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79 |
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1,536 |
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1,525 |
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11 |
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Total identifiable intangible assets
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$ |
72,213 |
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$ |
39,061 |
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$ |
33,152 |
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$ |
72,023 |
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$ |
36,204 |
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$ |
35,819 |
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The Company is amortizing these assets over useful lives ranging from 2 to 16 years. The weighted-average amortization period for these intangibles as of June 30, 2025, is 8.6 years. The Company includes amortization expense in general and administrative expense as follows:
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Three months ended June 30,
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Six months ended June 30,
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2025
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2024
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2025
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2024
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(in thousands)
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(in thousands)
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Amortization expense
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$ |
1,437 |
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$ |
1,472 |
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$ |
2,857 |
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$ |
2,944 |
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Estimated amortization expense for the remainder of 2025 and for each of the next five fiscal years is as follows:
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Year ended December 31,
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2025
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2026
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2027
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2028
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2029
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2030
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(in thousands)
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Amortization expense
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$ |
2,780 |
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$ |
5,163 |
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$ |
4,854 |
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$ |
4,468 |
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$ |
4,435 |
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$ |
3,396 |
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