Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of estimated fair values of the assets acquired and liabilities

The estimated fair values are provisional and based on the information available as of the acquisition date. The Company expects to complete the purchase price allocation of Ekumen as soon as practicable but no later than one year from the acquisition date.


	Ekumen
	(in thousands)
Cash, cash equivalents and restricted cash	$	2,725
Trade receivables(1)	1,553
Prepaid expenses and other current assets	80
Intangible assets	11,020
Goodwill(2)	7,728
Property and equipment, and other noncurrent assets	52
Total assets acquired	$	23,158

Accounts payable, accrued expenses and other current liabilities	$	(1,851)
Deferred taxes	(2,941)
Total liabilities assumed	$	(4,792)
Purchase price allocation	$	18,366

________________________

(1)The estimated fair values of trade receivables equaled their gross contractual amounts due as of the acquisition date.

(2)The goodwill recognized as a result of the Ekumen acquisition is primarily attributed to the value the Company expects to achieve through growth opportunities globally as well as the assembled workforce acquired. The goodwill is not deductible for income tax purposes.

Schedule of business acquisition, finite-lived intangibles

The estimated fair value, useful lives and amortization methods of identifiable intangible assets as of the date of acquisition updated for any changes during the six months ended June 30, 2026 are as follows:


	Ekumen
	Fair Value		Useful Life
	(dollars in thousands)
Customer relationships	$	10,437	8 years
Trade name	583		3 years
Total identified intangible assets	$	11,020