Goodwill and intangible assets deemed to have an indefinite life are not amortized, but are reviewed annually for impairment of value or when indicators of a potential impairment are present. As part of the Company’s business planning cycle, the Company performs an annual goodwill impairment test in the fourth quarter of the fiscal year. There were no indications of impairment of goodwill noted as of March 31, 2026. Goodwill has a carrying value of $403.4 million and $403.4 million as of March 31, 2026 and December 31, 2025, respectively.


	As of March 31, 2026
(in thousands)	Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived:
Customer Relationships	$	92,800	$	(10,860)	$	81,940
Developed Technology	99,200		(34,375)		64,825
Tradenames	6,450		(917)		5,533
Total amortizable intangible assets	198,450		(46,152)		152,298
Website domain name (Indefinite-lived)	25		—		25
Total intangible assets	$	198,475	$	(46,152)	$	152,323


	As of December 31, 2025
(in thousands)	Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived:
Customer Relationships	$	92,800	$	(9,314)	$	83,486
Developed Technology	99,200		(29,462)		69,738
Tradenames	6,450		(756)		5,694
Total amortizable intangible assets	198,450		(39,532)		158,918
Website domain name (Indefinite-lived)	25		—		25
Total intangible assets	$	198,475	$	(39,532)	$	158,943

In March 2025, due to the acquisition of MANTL, the Company assessed all of the assets of MK Decisioning Systems, LLC for potential impairment and determined that $1.2 million of developed technology intangible assets, $0.1 million of customer relationship intangible assets, as well as $0.4 million of capitalized software development costs included in property and equipment, net, would not have future economic benefit and the value of the intangible assets was written off, resulting in a loss on impairment of $1.7 million. This non-cash charge was recorded to general administrative expenses within the Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2025. No impairment was identified for goodwill or any other assets.

The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in thousands):