v3.25.2
Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
The tables below summarize the Company’s intangible assets(in thousands):
Useful
Life
(Years)
Weighted
Average
Remaining
Life
(Years)
June 30, 2025
Intangible AssetsAccumulated Amortization Net Balance
Trade names
2 - 9
3.738,900 (22,985)15,915 
Capitalized internal use software31.443,451 (21,878)21,573 
Software and technology
3 - 9
3.6197,801 (114,278)83,523 
Total$280,152 $(159,141)$121,011 
Useful
Lives
(Years)
Weighted
Average
Remaining
Life
(Years)
December 31, 2024
Intangible AssetsAccumulated AmortizationNet Balance
Trade names
2 - 9
4.238,822 (20,784)18,038 
Capitalized internal use software31.837,238 (16,087)21,151 
Software and technology
3 - 9
4.1196,821 (102,307)94,514 
Total$272,881 $(139,178)$133,703 
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $9.8 million and $9.2 million for the three months ended June 30, 2025 and 2024, respectively. The Company recorded amortization expense related to the above intangible assets of approximately $19.3 million and $18.1 million for the six months ended June 30, 2025 and 2024, respectively.
The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):
Year ended December 31, Future Amortization
2025$19,692 
202637,370 
202731,311 
202826,318 
20296,320 
Total$121,011 
Goodwill
The following table is a summary of the changes to goodwill for the six months ended June 30, 2025 (in thousands):
Balance - December 31, 2024
$615,399 
Foreign currency translation adjustment15,617 
Balance - June 30, 2025
$631,016 
Goodwill includes a cumulative impairment charge of $148.1 million as of June 30, 2025 related to the historical FaceBank reporting unit.