v3.26.1
Intangible Assets and Goodwill
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The following table presents the components of net intangible assets (in thousands):
As of March 31, 2026As of December 31, 2025
Weighted Average Useful Life (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired technology4.6$27,844 $(18,398)$9,446 $27,010 $(17,565)$9,445 
Acquired customer-related9.817,277 (6,737)10,540 17,663 (6,435)11,228 
Acquired trade names5.0720 (576)144 738 (553)185 
Patents and perpetual licenses
8.33,758 (2,377)1,381 3,731 (2,319)1,412 
Total6.7$49,599 $(28,088)$21,511 $49,142 $(26,872)$22,270 
In the first quarter of the subsequent annual period in which an intangible asset becomes fully amortized, the gross carrying amount and accumulated amortization are removed from the preceding table.
Amortization expense related to intangible assets was $1.5 million and $1.9 million for the three months ended March 31, 2026 and 2025, respectively.
As of March 31, 2026, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):
Remainder of 2026$4,860 
20275,108 
20284,207 
20292,962 
20301,947 
Thereafter2,427 
Total expected amortization expense$21,511 
The changes in the carrying amount of goodwill were as follows (in thousands):
Balance at December 31, 2025$206,164 
Foreign currency translation adjustments(1,990)
Balance at March 31, 2026$204,174 
Asset Acquisition
On March 9, 2026, we acquired a company with deep expertise in data automation. The acquisition was not material to the consolidated financial statements.