| Summary of Intangible Assets |
Intangible assets as of June 30, 2026, and December 31, 2025, consisted of the following:
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As of June 30, 2026 |
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As of December 31, 2025 |
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(In thousands excluding years) |
Weighted Average Useful Life
(in years) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Book Value |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Book Value |
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Customer relationships |
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11.0 |
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$ |
55,060 |
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$ |
(27,224 |
) |
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$ |
27,836 |
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$ |
56,244 |
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$ |
(25,306 |
) |
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$ |
30,938 |
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Backlog |
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1.7 |
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59,393 |
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(59,393 |
) |
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— |
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61,081 |
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(61,081 |
) |
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— |
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Developed technology |
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7.3 |
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435,038 |
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(194,420 |
) |
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240,618 |
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429,329 |
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(168,073 |
) |
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261,256 |
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Licensed technology |
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9.0 |
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5,900 |
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(5,436 |
) |
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464 |
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5,900 |
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(5,108 |
) |
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792 |
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Licensed agreements |
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8.5 |
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560 |
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(466 |
) |
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94 |
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560 |
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(446 |
) |
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114 |
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Trade names |
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2.8 |
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30,724 |
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(30,248 |
) |
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476 |
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31,598 |
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(30,651 |
) |
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947 |
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Total |
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$ |
586,675 |
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$ |
(317,187 |
) |
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$ |
269,488 |
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$ |
584,712 |
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$ |
(290,665 |
) |
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$ |
294,047 |
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| Estimated Future Amortization Expense Related to Intangible Assets |
Estimated future amortization expense of intangible assets is as follows:
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As of |
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(In thousands) |
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June 30, 2026 |
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2026 |
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$ |
34,679 |
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2027 |
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66,400 |
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2028 |
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|
57,765 |
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2029 |
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49,035 |
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2030 |
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44,246 |
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Thereafter |
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17,363 |
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Total |
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$ |
269,488 |
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