Intangible assets, net consist of the following:


	June 30, 2026											December 31, 2025
	Weighted Average Remaining Useful Life		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Weighted Average Remaining Useful Life		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Developed technology		5.3	$	164,411		$	(61,468	)	$	102,943			5.4	$	137,371	$	(52,477	)	$	84,894
Software licenses		1.2		20,390			(14,905	)	$	5,485			1.6		20,392		(12,289	)	$	8,103
Customer relationships		6.2		47,113			(16,591	)	$	30,522			6.8		47,113		(14,372	)	$	32,741
Intellectual property licenses		0.3		1,944			(1,736	)	$	208			0.3		1,962		(1,736	)	$	226
Trade names		3.5		26,899			(13,295	)	$	13,604			4.1		26,899		(11,627	)	$	15,272
Backlog		1.2		2,696			(2,583	)	$	113			1.3		2,696		(2,482	)	$	214
Effect of exchange rate on gross carrying amount				545			—		$	545					3,898		—		$	3,898
Intangible assets with finite lives				263,998			(110,578	)		153,420					240,331		(94,983	)		145,348
IPR&D				23,261			—		$	23,261					50,301		—		$	50,301
Effect of exchange rate on gross carrying amount				(130	)		—		$	(130	)				259		—		$	259
Total intangible assets with indefinite lives				23,131			—			23,131					50,560		—			50,560
Total intangible assets			$	287,129		$	(110,578	)	$	176,551				$	290,891	$	(94,983	)	$	195,908

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows.

In fiscal 2025, the Company acquired developed technology, customer relationships, trade names, backlog, and In-Process Research & Development as a result of a business combination.

The Company monitors and assesses the above intangible assets for impairment on a periodic basis. For the three and six months ended June 30, 2025, the Company recorded $3,260 of impairment charges related to certain software licenses as part of its 2025 Restructuring Plan. For the three and six months ended June 30, 2026, the Company determined that there was no impairment of intangible assets.

Amortization of intangible assets for the three months ended June 30, 2026 and 2025 was $8,718 and $8,089, respectively. Amortization of intangible assets for the six months ended June 30, 2026 and 2025 was $17,612 and $15,864, respectively. Amortization of intangible assets is included within Cost of goods sold and Selling, general and administrative expenses, based on their respective nature, in the condensed consolidated statements of operations.