v3.26.1
Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired other intangible assets (dollars in thousands):

 

 

 

March 31, 2026

 

 

 

Weighted average amortization period (in years)

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Market related intangibles

 

5

 

$

1,850

 

 

$

(1,821

)

 

$

29

 

Customer relationships

 

7

 

 

14,040

 

 

 

(13,606

)

 

 

434

 

Developed technologies

 

11

 

 

4,430

 

 

 

(2,418

)

 

 

2,012

 

Covenants to non-compete

 

2

 

 

115

 

 

 

(115

)

 

 

 

Licensed technology

 

3

 

 

892

 

 

 

(368

)

 

 

524

 

Total intangible assets, net

 

 

 

$

21,327

 

 

$

(18,328

)

 

$

2,999

 

 

 

 

December 31, 2025

 

 

 

Weighted average amortization period (in years)

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Market related intangibles

 

5

 

$

1,820

 

 

$

(1,820

)

 

$

 

Customer relationships

 

7

 

 

13,780

 

 

 

(13,558

)

 

 

222

 

Developed technologies

 

11

 

 

4,380

 

 

 

(2,327

)

 

 

2,053

 

Covenants to non-compete

 

2

 

 

115

 

 

 

(115

)

 

 

 

Licensed technology

 

3

 

 

804

 

 

 

(292

)

 

 

512

 

Total intangible assets, net

 

 

 

$

20,899

 

 

$

(18,112

)

 

$

2,787

 

 

Schedule of Estimated Annual Amortization of Intangible Assets

As of March 31, 2026, estimated future amortization expense related to intangible assets were as follows (in thousands):

 

 

Estimated future amortization

 

2026 (remaining nine months)

 

$

705

 

2027

 

 

685

 

2028

 

 

343

 

2029

 

 

343

 

2030

 

 

343

 

Thereafter

 

 

580

 

Total

 

$

2,999