v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table summarizes the changes to goodwill (in thousands):
Amount
Balance at January 1, 2025$19,544 
Addition793,426 
Balance at June 30, 2025$812,970 
There were no impairment charges recorded to goodwill for any of the periods presented.
Intangible Assets, Net
Intangible assets, net consisted of the following (dollars in thousands):
June 30, 2025December 31, 2024
Weighted-Average Remaining Useful Lives (in years)Acquired
Intangibles,
Gross 		Accumulated
Amortization 		Acquired
Intangibles,
Net 		Acquired
Intangibles,
Gross 		Accumulated
Amortization 		Acquired
Intangibles,
Net
Acquired technologies5$167,253 $(9,271)$157,982 $5,453 $(3,611)$1,842 
Other (1)
1049,697 (1,784)47,913 3,897 (830)3,067 
Total$216,950 $(11,055)$205,895 $9,350 $(4,441)$4,909 
(1) Included in Other are customer relationships and trade names.
Amortization expenses for intangible assets were $6 million and $1 million for the three months ended June 30, 2025 and 2024, respectively, and $7 million and $1 million for the six months ended June 30, 2025 and 2024, respectively.
As of June 30, 2025, the expected future amortization expense related to intangible assets was as follows (in thousands):
Years Ending December 31,Amount
Remaining portion of 2025$18,940 
202636,264 
202736,250 
202836,082 
202936,069 
Thereafter42,290 
Total expected future amortization expense$205,895