| Summary of Intangible Assets |
A summary of intangible assets as of March 31, 2026 and December 31, 2025 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
(in thousands) |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Customer relationships |
|
$ |
145,648 |
|
|
$ |
(50,186 |
) |
|
$ |
95,462 |
|
Trade names |
|
|
11,700 |
|
|
|
(2,167 |
) |
|
|
9,533 |
|
Technology, patents, and other |
|
|
8,100 |
|
|
|
(1,115 |
) |
|
|
6,985 |
|
Total |
|
$ |
165,448 |
|
|
$ |
(53,468 |
) |
|
$ |
111,980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
(in thousands) |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Customer relationships |
|
$ |
145,648 |
|
|
$ |
(46,488 |
) |
|
$ |
99,160 |
|
Trade names |
|
|
11,700 |
|
|
|
(1,822 |
) |
|
|
9,878 |
|
Technology, patents, and other |
|
|
8,100 |
|
|
|
(908 |
) |
|
|
7,192 |
|
Total |
|
$ |
165,448 |
|
|
$ |
(49,218 |
) |
|
$ |
116,230 |
|
|
| Schedule of Goodwill |
The following table presents a roll-forward of goodwill for the three months ended March 31, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Goodwill, Gross |
|
|
Accumulated
Impairment |
|
|
Goodwill, Net |
|
Balance at December 31, 2025 |
|
$ |
170,224 |
|
|
$ |
(70,504 |
) |
|
$ |
99,720 |
|
Foreign currency translation adjustment |
|
|
38 |
|
|
|
— |
|
|
|
38 |
|
Balance at March 31, 2026 |
|
$ |
170,262 |
|
|
$ |
(70,504 |
) |
|
$ |
99,758 |
|
|