
	Total
Balance as of January 1, 2026	$	1,499,754

Goodwill reclassified to assets held for sale (1)	(2,811)

Currency translation	(12,559)
Balance as of June 30, 2026	$	1,484,384

(1) On March 6, 2026, we entered into a definitive agreement to divest certain assets constituting a business, as defined under ASC 805, Business Combinations. The goodwill allocated to assets held for sale was determined based on the relative fair value of the disposal group as compared to the portion of the reporting unit retained. The divestiture is immaterial to our financial position and results of operations.

Intangible assets, carried at cost less accumulated amortization and amortized on a straight-line basis, were as follows (in thousands):


	Weighted-Average Amortization Life in Years	June 30, 2026
		Cost		Accumulated Amortization		Net
Patents	10	$	41,602	$	26,803	$	14,799
Customer contracts	12	9,900		7,482		2,418
Non-contractual customer relationships(1)	8	555,818		333,336		222,482
Trademarks	1	5,425		5,425		—
Trade name	15	18,253		10,182		8,071
Developed technology(2)	10	635,892		324,691		311,201
Non-compete	3	9,100		9,100		—
Total amortized intangible assets		$	1,275,990	$	717,019	$	558,971

Internally developed software(3)		$	8,694			$	8,694

Total intangible assets		$	1,284,684	$	717,019	$	567,665

(1) As of June 30, 2026, approximately $0.6 million non-contractual customer relationships account balances that are part of a disposal group that met the criteria for assets held for sale were combined with other disposal group assets and included in "Prepaid Expenses and Other Current Assets" in our condensed consolidated balance sheet (See Note 12: Prepaid Expenses and Other Current Assets).

(2) Developed technology primarily consists of acquired patented technologies and internally developed software. Upon completion of development, the assets are amortized over their estimated useful lives.

(3) Internally developed software will be reclassified to developed technology and amortized when the projects are complete and the assets are ready for their intended use. During the six months ended June 30, 2026, no amounts were reclassified to developed technology.


	Weighted-Average Amortization Life in Years	December 31, 2025
		Cost		Accumulated Amortization		Net
Patents	10	$	40,582	$	25,455	$	15,127
Customer contracts	12	9,959		7,356		2,603
Non-contractual customer relationships	8	561,199		304,287		256,912
Trademarks	1	5,425		5,425		—
Trade name	15	18,249		9,574		8,675
Developed technology(1)	10	637,589		293,506		344,083
Non-compete	3	9,100		9,100		—
Total amortized intangible assets		$	1,282,103	$	654,703	$	627,400

Internally developed software(2)		$	6,159			$	6,159

Total intangible assets		$	1,288,262	$	654,703	$	633,559

(1) Developed technology primarily consists of acquired patented technologies and internally developed software. Upon completion of development, the assets are amortized over their estimated useful lives.

(2) Internally developed software will be reclassified to developed technology and amortized when the projects are complete and the assets are ready for their intended use. During 2025, we reclassified $11.4 million to developed technology.

Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives. Amortization expense was $33.0 million and $66.1 million for the three and six months ended June 30, 2026, respectively, as compared to $32.7 million and $65.3 million for the three and six months ended June 30, 2025, respectively. Amortization expense included in cost of goods sold was $1.3 million and $2.5 million for the three and six months ended June 30, 2026 and $1.0 million and $2.1 million for the three and six months ended June 30, 2025, respectively.

As of June 30, 2026 estimated annual amortization for our intangible assets for each of the next five years and thereafter is approximately (in thousands):


Remainder of 2026	$	63,047
2027	127,311
2028	118,875
2029	115,796
2030	53,784
2031	52,809
Thereafter	27,349
Total	$	558,971