v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
NOTE 4—GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets, net are as follows:
June 30, 2026December 31, 2025
(In thousands)
Goodwill$662,088 $890,066 
Intangible assets with indefinite lives157,075 167,142 
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the six months ended June 30, 2026:
Balance at December 31, 2025ImpairmentsForeign
Currency
Translation		Balance at June 30, 2026
(In thousands)
U.S.$812,330 $(225,628)$— $586,702 
International77,736 — (2,350)75,386 
Total goodwill$890,066 $(225,628)$(2,350)$662,088 
In the second quarter of 2026, the Company determined that the carrying value of the U.S. reporting unit exceeded the fair value by $225.6 million resulting in a goodwill impairment charge of $225.6 million which is presented as a separate line item on the consolidated statement of operations during the three months ended June 30, 2026.
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2025:
Balance at December 31, 2024Foreign
Currency
Translation		Balance at December 31, 2025
(In thousands)
U.S.
$812,330 $— $812,330 
International71,110 6,626 77,736 
Total goodwill$883,440 $6,626 $890,066 
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. Intangible assets with definite lives were fully amortized during the year ended December 31, 2023. At June 30, 2026 and December 31, 2025, intangible assets with definite lives are as follows:
June 30, 2026
Gross
Carrying
Amount		Accumulated
Amortization		NetWeighted-Average
Useful Life
(Years)
(Dollars in thousands)
Technology$79,544 $(79,544)$— 5.6
Trade names1,376 (1,376)— 5.0
Total$80,920 $(80,920)$— 5.6
December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		NetWeighted-Average
Useful Life
(Years)
(Dollars in thousands)
Technology$82,234 $(82,234)$— 5.5
Professional relationships5,619 (5,619)— 2.5
Trade names1,376 (1,376)— 5.0
Total$89,229 $(89,229)$— 5.3
In the second quarter of 2026, the Company identified an impairment charge of $9.6 million related to a certain indefinite-lived trade name at the U.S. reporting unit. The impairment of the indefinite-lived intangible asset is included in “Impairment of intangibles” in the statement of operations.
See “Note 1—The Company and Summary of Significant Accounting Policies” for further discussion of the Company’s assessments of impairment of goodwill and indefinite-lived intangible assets.