Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows (in thousands):


	Carrying Amount
Balance as of December 31, 2025	$	641,242
Measurement period adjustments	(2,353)
Balance as of March 31, 2026	$	638,889

Goodwill decreased during the three months ended March 31, 2026 in connection with measurement period adjustments for the Aero 3 acquisition. See Note (2) "Acquisitions" for further information.


	Weighted-average Useful Life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
March 31, 2026
Customer-related	12.2	$	403,974	$	(108,919)	$	295,055
Distribution rights	15.1	26,600		(2,846)		23,754
Total	12.4	$	430,574	$	(111,765)	$	318,809

December 31, 2025
Customer-related	12.2	$	396,150	$	(100,188)	$	295,962

On March 28, 2026, the Company entered into an amendment (the "Amendment") to its Asset Purchase and License Agreement with Honeywell International Inc. ("Honeywell"), originally executed in September 2023, for total consideration of $7.8 million, of which $5.3 million is payable in cash. The Amendment expands the scope of rights and extends the expected useful lives of certain underlying assets acquired under the original agreement.

The Company accounted for the Amendment as an asset acquisition, with the consideration allocated to customer-related intangible assets, which is being amortized over a period of 12 years. During the three months ended March 31, 2026, the Company paid $4.0 million of the cash consideration, which is reflected within purchases of intangible assets in the consolidated statements of cash flows. The remaining $1.3 million of cash consideration is included in accrued expenses and other current liabilities on the consolidated balance sheets as of March 31, 2026.

During the three months ended March 31, 2026, the Company reclassified distribution rights with a gross carrying value of $14.6 million and net carrying value of $12.1 million from other assets and prepaid expenses and other current assets to intangible assets. In addition, the Company acquired $12.0 million of distribution rights during the three months ended March 31, 2026, which are being amortized over a period of 15 years.

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


Year ending	Amount
Remainder of 2026	$	28,040
2027	35,613
2028	34,727
2029	34,663
2030	34,224
2031	31,702
Thereafter	119,840
Total	$	318,809