v3.26.1
Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets Intangible Assets
The gross carrying amount and accumulated amortization of our intangible assets, other than goodwill, were as follows:
June 30, 2026December 31, 2025
In thousandsGross
Accumulated
Amortization
NetGross
Accumulated
Amortization
Net
Core-developed technology$79,501 $(38,101)$41,400 $54,168 $(32,993)$21,175 
Customer contracts and relationships534,132 (311,446)222,686 359,837 (299,893)59,944 
Trademarks and trade names28,049 (26,059)1,990 28,076 (25,858)2,218 
Total intangible assets
$641,682 $(375,606)$266,076 $442,081 $(358,744)$83,337 

On January 5, 2026, we completed the acquisition of 100% of the outstanding equity of Locusview, Ltd. and subsidiaries (collectively, Locusview) a privately held utility-focused software and services company that is based in the United States and Israel. The purchase resulted in the addition of intangible assets of $204.5 million including $179.0 million identified customer contracts and relationships and $25.5 million of core-developed technology. The customer contracts and relationships and core-developed technology will be amortized over the ten-year and five-year useful lives, respectively, using the straight-line method. Refer to Note 5: Goodwill and Note 16: Business Combinations for additional information.
Estimated future annual amortization is as follows:
Year Ending December 31,Estimated Annual Amortization
In thousands
2026 (amount remaining at June 30, 2026)$20,406 
202738,622 
202833,030 
202930,925 
203029,999 
Thereafter113,094 
Total intangible assets subject to amortization$266,076 

Amortization ExpenseThree Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Amortization Expense$11,048 $4,543 $21,715 $9,022 

We recognize all amortization expense within amortization of intangible assets in the Consolidated Statements of Operations, except core-developed technology, which is included in cost of revenues. These expenses relate to intangible assets acquired as part of business combinations.