v3.26.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

6.   Goodwill and Intangible Assets. The change in the carrying amount of goodwill for the six-month period ended June 30, 2026 is detailed as follows (in thousands):

Six Months Ended June 30, 2026

Goodwill balance at January 1

$

506,837

Effect of foreign exchange

 

(514)

Additions and adjustments as the result of acquisitions

 

36,377

Disposals as the result of divestitures

(2,928)

Goodwill balance at June 30

$

539,772

Total accumulated goodwill impairment losses aggregated to $8.3 million as of June 30, 2026 and December 31, 2025, respectively. We did not have any goodwill impairments for the six-month periods ended June 30, 2026 or 2025.

Other intangible assets at June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

June 30, 2026

Gross Carrying

Accumulated

Net Carrying

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Patents

$

34,575

$

(15,428)

$

19,147

Distribution agreements

 

3,250

 

(3,106)

 

144

License agreements

 

14,616

 

(10,958)

 

3,658

Trademarks

 

53,946

 

(27,703)

 

26,243

Customer lists

 

63,010

 

(41,155)

 

21,855

Total

$

169,397

$

(98,350)

$

71,047

December 31, 2025

Gross Carrying

Accumulated

Net Carrying

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Patents

$

33,979

$

(14,760)

$

19,219

Distribution agreements

 

3,250

 

(3,069)

 

181

License agreements

 

14,590

 

(10,218)

 

4,372

Trademarks

 

52,556

 

(28,293)

 

24,263

Customer lists

 

63,775

 

(40,096)

 

23,679

Total

$

168,150

$

(96,436)

$

71,714

Aggregate amortization expense for developed technology and other intangible assets for the three and six-month periods ended June 30, 2026 was $21.2 million and $41.9 million, respectively. Aggregate amortization expense for the three and six-month periods ended June 30, 2025 was $21.5 million and $41.5 million, respectively.

We evaluate long-lived assets, including amortizing intangible assets, for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. We perform the impairment analysis at the asset group for which the lowest level of identifiable cash flows is largely independent of the cash flows of other assets and liabilities. If a triggering event is identified, we determine the fair value of our amortizing assets based on estimated future cash flows discounted back to their present value using a discount rate that reflects the risk profiles of the underlying activities. We did not identify indicators of impairment for our intangible assets based on our consideration of triggering events for the six-month periods ended June 30, 2026 and 2025, respectively.

Estimated amortization expense for developed technology and other intangible assets for the next five years consisted of the following as of June 30, 2026 (in thousands):

Year ending December 31, 

  ​ ​ ​

Estimated Amortization Expense

Remaining 2026

$

45,072

2027

 

88,683

2028

 

86,973

2029

77,270

2030

 

65,198