| Schedule of Gross Amount and Accumulated Amortization of Intangible Assets |
The gross amount and accumulated amortization of acquired identifiable intangible assets included in “Intangible assets, net” on the consolidated balance sheets were as follows (in thousands except for years):
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December 31, 2025 |
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December 31, 2024 |
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Weighted
Average |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Amortization
Period
(in years) |
|
Backlog |
|
$ |
154,470 |
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$ |
(83,181 |
) |
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$ |
71,289 |
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$ |
142,100 |
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|
$ |
(51,322 |
) |
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$ |
90,778 |
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|
|
4.4 |
|
Customer relationships |
|
$ |
395,460 |
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|
$ |
(166,391 |
) |
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$ |
229,069 |
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|
372,930 |
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(139,568 |
) |
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|
233,362 |
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11.5 |
|
Developed technology |
|
$ |
30,100 |
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$ |
(13,496 |
) |
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$ |
16,604 |
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|
23,200 |
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(7,458 |
) |
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15,742 |
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4.4 |
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Trade name |
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$ |
2,530 |
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$ |
(2,123 |
) |
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$ |
407 |
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1,500 |
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(367 |
) |
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1,133 |
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1.0 |
|
Non-compete agreements |
|
$ |
10,980 |
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$ |
(4,293 |
) |
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$ |
6,687 |
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|
8,300 |
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(1,203 |
) |
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|
7,097 |
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3.0 |
|
In process research and development |
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$ |
1,800 |
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$ |
- |
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$ |
1,800 |
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|
1,800 |
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- |
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|
1,800 |
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n/a |
|
Other intangibles |
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$ |
24 |
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$ |
- |
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$ |
24 |
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|
25 |
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- |
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25 |
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n/a |
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Total intangible assets |
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$ |
595,364 |
|
|
$ |
(269,484 |
) |
|
$ |
325,880 |
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$ |
549,855 |
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$ |
(199,918 |
) |
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$ |
349,937 |
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| Schedule of Estimated Amortization Expense |
Estimated amortization expense in each of the next five years and beyond is as follows (in thousands):
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December 31, 2025 |
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2025 |
|
$ |
65,441 |
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2026 |
|
$ |
58,480 |
|
2027 |
|
$ |
42,726 |
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2028 |
|
$ |
26,421 |
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2029 |
|
$ |
22,702 |
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Thereafter |
|
$ |
108,309 |
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Total |
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$ |
324,079 |
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