v3.26.1
Note 14 - Intangible Assets, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

14.

Intangible assets, net

 

The following table summarizes our intangible assets comprising of Customer Relationships & Contracts (“CR&C”), Trademarks, Technology and Software as of June 30, 2026 and December 31, 2025 (in thousands):

 

  

June 30, 2026

  

December 31, 2025

  

June 30, 2026

 
  

Gross carrying amount

  

Accumulated impairment and amortization

  

Net book value

  

Gross carrying amount

  

Accumulated impairment and amortization

  

Net book value

  

Weighted average remaining life (years)

 

CR&C

 $302,605  $(205,050) $97,555  $302,605  $(191,639) $110,966   7.0 

Trademarks

  64,244   (48,574)  15,670   64,244   (46,096)  18,148   4.0 

Technology

  229,022   (117,934)  111,088   229,022   (110,527)  118,495   9.8 

Software

  27,660   (23,999)  3,661   25,356   (21,636)  3,720   0.9 

Total

 $623,531  $(395,557) $227,974  $621,227  $(369,898) $251,329   8.1 

 

Amortization expense for intangible assets was $12.7 million and $25.6 million for the three and six months ended June 30, 2026, respectively, and $12.9 million and $25.7 million for the three and six months ended June 30, 2025, respectively.

 

The following table summarizes the intangible assets which were acquired pursuant to the Coretrax Acquisition (in thousands):

 

  

Acquired Fair Value

  

Weighted average life (years)

 

Coretrax:

        

CR&C

 $45,883   13.0 

Trademarks

  5,251   5.0 

Software

  648   1.0 

Technology

  49,868   10-15 

Total

 $101,650   13.0