v3.26.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

There was no change to goodwill during the three months ended March 31, 2026. Other intangible assets consisted of the following:

 

 

March 31, 2026

 

 

December 31, 2025

 

 

Gross

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Value

 

 

Amortization

 

 

Value

 

 

Value

 

 

Amortization

 

 

Value

 

 

(in thousands)

 

Product technology and intellectual
   property

 

$

29,549

 

 

$

21,861

 

 

$

7,688

 

 

$

29,549

 

 

$

21,290

 

 

$

8,259

 

Trademarks, tradenames and licenses

 

 

3,767

 

 

 

2,672

 

 

 

1,095

 

 

 

3,767

 

 

 

2,599

 

 

 

1,168

 

Customer relationships

 

 

39,366

 

 

 

17,070

 

 

 

22,296

 

 

 

39,366

 

 

 

16,356

 

 

 

23,010

 

Other intangible assets

 

 

2,255

 

 

 

1,660

 

 

 

595

 

 

 

2,255

 

 

 

1,603

 

 

 

652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total identifiable intangible assets

 

$

74,937

 

 

$

43,263

 

 

$

31,674

 

 

$

74,937

 

 

$

41,848

 

 

$

33,089

 
Schedule of Amortization Expense Included in General and Administrative Expense The Company includes amortization expense in general and administrative expense as follows:

 

 

Three months ended March 31,

 

 

2026

 

 

2025

 

 

(in thousands)

 

Amortization expense

 

$

1,415

 

 

$

1,420

 
Schedule of Estimated Amortization Expense for Each of Five Succeeding Fiscal Years

Estimated amortization expense for the remainder of 2026, and for each of the next five fiscal years, based upon intangible assets at March 31, 2026, is as follows:

 

 

Year ended December 31,

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

2031

 

 

(in thousands)

 

Amortization expense

 

$

4,150

 

 

$

5,252

 

 

$

4,853

 

 

$

4,820

 

 

$

3,778

 

 

$

2,643