| Schedule of Gross Amount and Accumulated Amortization of Intangible Assets |
The gross amount and accumulated amortization of intangible assets with finite useful lives included in “Intangible assets, net” on the consolidated balance sheets are as follows (in thousands except for years):
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June 30, 2026 |
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December 31, 2025 |
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Weighted
Average |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Amortization
Period
(in years) |
|
Backlog |
|
$ |
170,870 |
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|
$ |
(108,653 |
) |
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$ |
62,217 |
|
|
$ |
154,470 |
|
|
$ |
(83,181 |
) |
|
$ |
71,289 |
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|
|
3.3 |
|
Customer relationships |
|
|
480,030 |
|
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|
(181,294 |
) |
|
|
298,736 |
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|
395,460 |
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|
(166,391 |
) |
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|
229,069 |
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|
|
12.1 |
|
Developed technology |
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29,100 |
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(15,726 |
) |
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13,374 |
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30,100 |
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(13,496 |
) |
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16,604 |
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4.5 |
|
Trade name |
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4,930 |
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(1,987 |
) |
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2,943 |
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2,530 |
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(2,123 |
) |
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|
407 |
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1.7 |
|
Non-compete agreements |
|
|
10,680 |
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(5,571 |
) |
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|
5,109 |
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|
10,980 |
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(4,293 |
) |
|
|
6,687 |
|
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|
3.0 |
|
In process research and development |
|
|
1,800 |
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|
- |
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|
1,800 |
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|
1,800 |
|
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|
- |
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|
1,800 |
|
|
n/a |
|
Other intangibles |
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- |
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- |
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- |
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|
24 |
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- |
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24 |
|
|
n/a |
|
Total intangible assets |
|
$ |
697,410 |
|
|
$ |
(313,231 |
) |
|
$ |
384,179 |
|
|
$ |
595,364 |
|
|
$ |
(269,484 |
) |
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$ |
325,880 |
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| Schedule of Estimated Amortization Expense |
Estimated amortization expense for the remainder of the current fiscal year and in each of the next four years and beyond is as follows (in thousands):
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June 30, 2026 |
|
2026 |
|
$ |
42,069 |
|
2027 |
|
|
66,183 |
|
2028 |
|
|
48,480 |
|
2029 |
|
|
32,107 |
|
2030 |
|
|
28,389 |
|
Thereafter |
|
|
165,150 |
|
Total |
|
$ |
382,378 |
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