Acquired Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The Company accounts for intangible assets in accordance with ASC 350, Goodwill and Other Intangible Assets, which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives.

Details of the Company’s intangible assets are as follows:


	December 31, 2025				December 31, 2024
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets:
Customer lists	$	6,215	$	(5,003)	$	6,314	$	(4,729)

Software	5,512		(3,244)		5,412		(2,358)
Trade Name	373		(125)		373		(98)

Indefinite-lived intangible assets:
Goodwill	16,164		—		16,333		—
Total intangible assets	$	28,264	$	(8,372)	$	28,432	$	(7,185)

Customer lists are amortized over 5 years to 10 years, software over 3 years to 7 years, and trade name over 10 years to 20 years. Amortization of intangible assets amounted to $1.2 million and $692,000 for the years ended December 31, 2025, and 2024, respectively. Estimated future amortization of intangibles is $1.0 million in 2026, $730,000 in 2027 and 2028, $699,000 in 2029, and $197,000 in 2030.