Goodwill and Intangible Assets |
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets | 6. Goodwill and Intangible Assets
As of June 30, 2025 and December 31, 2024, the Company had recorded goodwill of $13.5 million. No goodwill impairment was recognized for the six months ended June 30, 2025 and 2024.
Amortization of the intangible assets that have finite useful lives is generally recorded on a straight-line basis over their useful lives, with remaining useful lives ranging from 6.3 to 12.9 years. A summary of the Company’s identifiable intangible assets as of June 30, 2025 and December 31, 2024 is as follows (in thousands):
As of June 30, 2025, the weighted average remaining life for identifiable intangible assets was 7.8 years. Aggregate amortization expense was $1.0 million and $2.0 million for each of the three and six months ended June 30, 2025 and 2024. Patent rights, acquired technology and acquired licenses are amortized over a 15-year period.
Estimated future amortization expense related to intangible assets as of June 30, 2025 is as follows (in thousands):
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