v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Reportable Segment
The change in the carrying value of goodwill for the three months ended March 31, 2026, categorized by reportable segment, is as follows (in thousands):
Clear AlignerSystems and ServicesTotal
Balance as of December 31, 2025
$164,255 $327,578 $491,833 
Additions from acquisition1
— 18,592 18,592 
Foreign currency translation adjustments
(1,615)(5,769)(7,384)
Balance as of March 31, 2026
$162,640 $340,401 $503,041 
1 We recorded $18.6 million of goodwill within the Systems and Services segment for an immaterial acquisition that was completed in the first quarter of 2026. The amount recorded is based on preliminary estimates of the fair values of assets acquired and liabilities assumed and is subject to adjustment during the measurement period.
Schedule of Amortized Intangible Assets
Acquired intangible assets, excluding intangibles that were fully amortized, are as follows (in thousands): 
Weighted Average Amortization Period
(in years)
Gross Carrying Amount as of
March 31, 2026
Accumulated
Amortization
Net Carrying
Value as of
March 31, 2026
Existing technology11$146,651 $(70,849)$75,802 
Customer relationships1021,500 (12,900)8,600 
Trademarks and tradenames
79,800 (8,400)1,400 
Patents 12480 (330)150 
  Total finite-lived intangible assets
178,431 $(92,479)85,952 
In-process research and development1
12,554 12,554 
Foreign currency translation adjustments2,312 
  Total intangible assets, net
$100,818 
1 In connection with the immaterial acquisition completed during the first quarter of 2026, the Company recorded $12.6 million in acquired in-process research and development within the Systems and Services segment.
Weighted Average Amortization Period
(in years)
Gross Carrying
Amount as of December 31, 2025
Accumulated
Amortization
Net Carrying
Value as of
December 31, 2025
Existing technology11$146,651 $(67,138)$79,513 
Customer relationships1021,500 (12,363)9,137 
Trademarks and tradenames1
79,800 (8,050)1,750 
Patents12480 (320)160 
$178,431 $(87,871)90,560 
Foreign currency translation adjustments3,373 
  Total intangible assets, net
$93,933 
1 The weighted average amortization period decreased from 10 years to 7 years due to an intangible asset with a useful life of 15 years becoming fully amortized during the first quarter of 2025.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The total estimated future amortization expense for the acquired finite-lived intangible assets as of March 31, 2026 is as follows (in thousands):

Fiscal Year Ending December 31,Amortization
Remainder of 2026
$13,314 
202715,607 
202814,505 
202914,505 
20306,328 
20313,615 
Thereafter18,078 
Total$85,952