v3.26.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following tables summarize the Company’s intangible assets (dollars in thousands):

 

 

June 30, 2026

 

 

 

Weighted
average
amortization
period in
years

 

 

Gross
carrying
amount

 

 

Accumulated
amortization

 

 

Net
carrying
amount

 

Customer Relationships

 

 

15

 

 

$

36,600

 

 

$

11,131

 

 

$

25,469

 

Trade Names

 

 

10

 

 

 

800

 

 

 

365

 

 

 

435

 

Developed Technology

 

 

5

 

 

 

740

 

 

 

688

 

 

 

52

 

Vendor Relationships

 

 

15

 

 

 

1,250

 

 

 

545

 

 

 

705

 

Database

 

 

5

 

 

 

2,400

 

 

 

2,190

 

 

 

210

 

Patents

 

 

17

 

 

 

157

 

 

 

74

 

 

 

83

 

Total intangible assets

 

 

 

 

$

41,947

 

 

$

14,993

 

 

$

26,954

 

 

 

 

December 31, 2025

 

 

 

Weighted
average
amortization
period in
years

 

 

Gross
carrying
amount

 

 

Accumulated
amortization

 

 

Net
carrying
amount

 

Customer Relationships

 

 

15

 

 

$

36,600

 

 

$

9,911

 

 

$

26,689

 

Trade Names

 

 

10

 

 

 

800

 

 

 

325

 

 

 

475

 

Developed Technology

 

 

5

 

 

 

740

 

 

 

627

 

 

 

113

 

Vendor Relationships

 

 

15

 

 

 

1,253

 

 

 

504

 

 

 

749

 

Database

 

 

5

 

 

 

2,400

 

 

 

1,950

 

 

 

450

 

Patents

 

 

17

 

 

 

157

 

 

 

70

 

 

 

87

 

Subtotal intangible assets

 

 

 

 

 

41,950

 

 

 

13,387

 

 

 

28,563

 

In-place Lease Intangible Asset

 

 

4

 

 

 

568

 

 

 

568

 

 

 

 

Above Market Lease Intangible Asset

 

 

4

 

 

 

896

 

 

 

896

 

 

 

 

Total intangible assets

 

 

 

 

$

43,414

 

 

$

14,851

 

 

$

28,563

 

Schedule of Amortization Expense

Amortization expense for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Sales and marketing

 

$

770

 

 

$

770

 

 

$

1,540

 

 

 

1,540

 

Product development

 

 

30

 

 

 

30

 

 

 

60

 

 

 

60

 

General and administrative (1)

 

 

4

 

 

 

3

 

 

 

7

 

 

 

7

 

Total

 

$

804

 

 

$

803

 

 

$

1,607

 

 

$

1,607

 

(1) Amortization of the lease-related intangible assets is recorded as operating lease expense in general and administrative.

Schedule of Carrying Amount of Goodwill

The following table provides a roll forward of the carrying amount of goodwill (in thousands):

 

 

2026

 

 

2025

 

Balance as of January 1:

 

 

 

 

 

 

Gross goodwill

 

$

266,875

 

 

$

265,760

 

Accumulated impairments

 

 

(3,074

)

 

 

(3,074

)

Net goodwill as of January 1

 

 

263,801

 

 

 

262,686

 

Impact of foreign exchange

 

 

(310

)

 

 

1,115

 

Net goodwill as of June 30, 2026 and December 31, 2025:

 

$

263,491

 

 

$

263,801