Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination [Abstract]

Summary of Preliminary Purchase Consideration

The following table presents the preliminary purchase consideration allocation recorded in the Company’s consolidated balance sheet as of the acquisition date:


(in thousands)		Amount
Cash and cash equivalents		$	69
Accounts receivable			2,017
Unbilled receivables			316
Inventories			326
Prepaid expenses and other current assets			246
Property and equipment			4,793
Intangible assets			10,548
Goodwill			14,731
Operating lease assets			831
Accounts payable			(1,331	)
Accrued liabilities			(1,455	)
Current operating lease liabilities			(59	)
Operating lease liabilities			(773	)
Other non-current liabilities (1)			(5,093	)
Deferred tax liabilities			(2,541	)
Total acquisition consideration		$	22,625

(1)

Other non-current liabilities includes $3.7 million of debt obligations which were repaid prior to December 31, 2025.

Summary of Components of Identifiable Intangible Assets Acquired and their Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:


		Amounts				Weighted Average Useful Life
		(in thousands)				(in years)
Customer relationships		$	5,148				8.8
Developed technology			2,600				7.0
Tradename			1,500				10.0
Non-compete			1,300				5.0
Total intangible assets		$	10,548				8.1