| Components of Identifiable Intangible Assets |
There was no change to goodwill during the six months ended June 30, 2026. Other intangible assets consisted of the following:
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June 30, 2026 |
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December 31, 2025 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Value |
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Amortization |
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Value |
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Value |
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Amortization |
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Value |
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(in thousands) |
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Product technology and intellectual
property |
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$ |
29,549 |
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$ |
22,432 |
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$ |
7,117 |
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$ |
29,549 |
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$ |
21,290 |
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$ |
8,259 |
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Trademarks, tradenames and licenses |
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3,767 |
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2,745 |
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1,022 |
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3,767 |
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2,599 |
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1,168 |
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Customer relationships |
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39,513 |
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17,787 |
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21,726 |
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39,366 |
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16,356 |
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23,010 |
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Other intangible assets |
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2,393 |
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1,714 |
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679 |
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2,255 |
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1,603 |
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652 |
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Total identifiable intangible assets |
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$ |
75,222 |
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$ |
44,678 |
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$ |
30,544 |
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$ |
74,937 |
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$ |
41,848 |
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$ |
33,089 |
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| Schedule of Amortization Expense Included in General and Administrative Expense |
The Company includes amortization expense in general and administrative expense as follows:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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(in thousands) |
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Amortization expense |
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$ |
1,415 |
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$ |
1,437 |
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$ |
2,830 |
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$ |
2,857 |
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| Schedule of Estimated Amortization Expense for Each of Five Succeeding Fiscal Years |
Estimated amortization expense for the remainder of 2026, and for each of the next five fiscal years, based upon intangible assets at June 30, 2026, is as follows:
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Year ended December 31, |
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2026 |
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2027 |
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2028 |
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2029 |
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2030 |
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2031 |
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(in thousands) |
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Amortization expense |
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$ |
2,806 |
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$ |
5,340 |
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$ |
4,883 |
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$ |
4,839 |
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$ |
3,797 |
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$ |
2,662 |
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