v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets

NOTE 5 – Goodwill and Intangible Assets

The table below sets forth the changes in goodwill:

Balance at December 31, 2025

$

183,437

 

Foreign currency translation adjustment

 

(923

)

Balance at June 30, 2026

$

182,514

 

 

The table below sets forth the value of intangible assets, other than goodwill:

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

Intangible assets subject to amortization:

 

 

 

 

 

Gross carrying amount

$

270,997

 

 

$

270,997

 

Accumulated amortization

 

(234,400

)

 

 

(226,544

)

Foreign currency translation adjustment

 

(8,400

)

 

 

(8,370

)

Total intangible assets subject to amortization

 

28,197

 

 

 

36,083

 

Intangible assets with indefinite lives:

 

 

 

 

 

Gross carrying amount

 

10,303

 

 

 

10,303

 

Foreign currency translation adjustment

 

(961

)

 

 

(931

)

Total intangible assets with indefinite lives

 

9,342

 

 

 

9,372

 

Total intangible assets, net

$

37,539

 

 

$

45,455

 

The table below sets forth amortization expense related to intangible assets subject to amortization:

Amortization expense

 

2026

 

 

2025

 

Three Months Ended June 30,

 

$

3,911

 

 

$

5,839

 

Six Months Ended June 30,

 

$

7,855

 

 

$

11,663