| Reconciliation of Goodwill |
A reconciliation of the beginning and ending amounts of goodwill by operating segment for the periods ended June 30, 2026 and December 31, 2025 is as follows:
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Six Months Ended
June 30, 2026 |
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Twelve Months Ended
December 31, 2025 |
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(in thousands) |
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Talent: |
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|
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Beginning balance |
|
$ |
5,393 |
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|
$ |
5,393 |
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Goodwill recorded |
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— |
|
|
— |
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Impairment |
|
— |
|
|
— |
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Ending Balance |
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$ |
5,393 |
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$ |
5,393 |
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Six Months Ended
June 30, 2026 |
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Twelve Months Ended
December 31, 2025 |
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(in thousands) |
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Data & AI: |
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|
|
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Beginning balance |
|
$ |
21,817 |
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|
$ |
21,817 |
|
Goodwill recorded |
|
— |
|
|
— |
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Impairment |
|
— |
|
|
— |
|
Ending Balance |
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$ |
21,817 |
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$ |
21,817 |
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| Components of Identifiable Intangible assets |
The Company is amortizing the identifiable intangible assets on a straight-line basis over estimated average lives ranging from 3 to 12 years. Identifiable intangible assets were comprised of the following as of June 30, 2026 and December 31, 2025:
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As of June 30, 2026 |
|
(Amounts in thousands) |
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Amortization
Period (In Years) |
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Gross Carrying
Value |
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Accumulative
Amortization |
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|
Net Carrying
Value |
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Talent: |
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|
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|
|
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|
|
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Client relationships |
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12 |
|
|
$ |
5,119 |
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|
$ |
4,710 |
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|
$ |
409 |
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Covenant-not-to-compete |
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|
5 |
|
|
|
204 |
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|
|
204 |
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|
|
— |
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Trade name |
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|
3 |
|
|
|
159 |
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|
|
159 |
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|
|
— |
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Data & AI: |
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|
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|
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|
|
|
|
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Client relationships |
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12 |
|
|
|
22,521 |
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|
|
16,518 |
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|
|
6,003 |
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Covenant-not-to-compete |
|
|
5 |
|
|
|
1,316 |
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|
|
1,316 |
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|
|
— |
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Trade name |
|
|
5 |
|
|
|
1,801 |
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|
1,801 |
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|
|
— |
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Technology |
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|
7 |
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|
1,979 |
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|
1,842 |
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|
137 |
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Total Intangible Assets |
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$ |
33,099 |
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|
$ |
26,550 |
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|
$ |
6,549 |
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|
|
|
|
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As of December 31, 2025 |
|
(Amounts in thousands) |
|
Amortization
Period (In Years) |
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|
Gross Carrying
Value |
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|
Accumulative
Amortization |
|
|
Net Carrying
Value |
|
Talent: |
|
|
|
|
|
|
|
|
|
|
|
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Client relationships |
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|
12 |
|
|
$ |
5,119 |
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|
$ |
4,497 |
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|
$ |
622 |
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Covenant-not-to-compete |
|
|
5 |
|
|
|
204 |
|
|
|
204 |
|
|
|
— |
|
Trade name |
|
|
3 |
|
|
|
159 |
|
|
|
159 |
|
|
|
— |
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Data & AI: |
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|
|
|
|
|
|
|
|
|
|
|
Client relationships |
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|
12 |
|
|
|
22,521 |
|
|
|
15,580 |
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|
|
6,941 |
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Covenant-not-to-compete |
|
|
5 |
|
|
|
1,316 |
|
|
|
1,316 |
|
|
|
— |
|
Trade name |
|
|
5 |
|
|
|
1,801 |
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|
|
1,801 |
|
|
|
— |
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Technology |
|
|
7 |
|
|
|
1,979 |
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|
|
1,787 |
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|
|
192 |
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Total Intangible Assets |
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|
|
|
$ |
33,099 |
|
|
$ |
25,344 |
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|
$ |
7,755 |
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| Schedule of Estimated Amortization Expense |
The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2026 through 2030 is as follows:
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Years 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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(Amounts in thousands) |
|
Amortization expense |
|
$ |
2,413 |
|
|
$ |
2,025 |
|
|
$ |
1,637 |
|
|
$ |
1,000 |
|
|
$ |
248 |
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