The following table presents the changes in goodwill during the three months ended March 31, 2026:


(In thousands)	Cybersecurity		Digital Agreements		Total
Net balance at December 31, 2025	$	82,240	$	21,600	$	103,840
Acquisition during the period (1)	26,069		—		26,069
Foreign currency exchange rate effect	(1,380)		(385)		(1,765)

Net balance at March 31, 2026	$	106,929	$	21,215	$	128,144

(1) Represents goodwill recorded in conjuction with the acquisition of Build38 GmbH for the three months ended March 31, 2026. See Note 6 – Business Acquisitions, for additional information.

No impairment of goodwill was recorded during the three months ended March 31, 2026 and 2025.