Goodwill and intangible assets deemed to have an indefinite life are not amortized, but are reviewed annually for impairment of value or when indicators of a potential impairment are present. As part of the Company’s business planning cycle, the Company performs an annual goodwill impairment test in the fourth quarter of the fiscal year. There were no indications of impairment of goodwill noted as of June 30, 2026. Goodwill has a carrying value of $403.4 million as of both June 30, 2026 and December 31, 2025.


	As of June 30, 2026
(in thousands)	Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived:
Customer Relationships	$	92,800	$	(12,407)	$	80,393
Developed Technology	99,200		(39,288)		59,912
Tradenames	6,450		(1,076)		5,374
Total amortizable intangible assets	198,450		(52,771)		145,679
Website domain name (Indefinite-lived)	25		—		25
Total intangible assets	$	198,475	$	(52,771)	$	145,704


	As of December 31, 2025
(in thousands)	Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived:
Customer Relationships	$	92,800	$	(9,314)	$	83,486
Developed Technology	99,200		(29,462)		69,738
Tradenames	6,450		(756)		5,694
Total amortizable intangible assets	198,450		(39,532)		158,918
Website domain name (Indefinite-lived)	25		—		25
Total intangible assets	$	198,475	$	(39,532)	$	158,943

Amortization expense recognized on intangible assets was $6.6 million and $13.2 million for the three and six months ended June 30, 2026, respectively, and $6.6 million and $9.0 million for the three and six months ended June 30, 2025, respectively.

The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in thousands):