v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in carrying amounts of goodwill for the six months ended June 30, 2026 are as follows (in thousands):
Amount
Balance as of January 1, 2026
$352,939 
Goodwill acquired (Note 4)2,079 
Foreign exchange translation(2,094)
Balance as of June 30, 2026$352,924 
As of June 30, 2026 the Company’s goodwill had no accumulated impairment.
Intangible Assets with Indefinite Lives:
Intangible assets are summarized as follows (in thousands):
June 30, 2026December 31, 2025
Trade names$27,394 $27,422 
Other4,045 4,045 
Total$31,439 $31,467 
Intangible Assets Subject to Amortization:
As of June 30, 2026, intangible assets subject to amortization are summarized as follows (in thousands):
Weighted-Average Remaining
  Amortization
Period
Historical
Cost		Accumulated
Amortization		Net
Trade names0.1 years$8,248 $8,162 $86 
Patent and patent licenses0.0 years54,341 54,341 — 
Customer relationships (1)
1.4 years109,339 103,913 5,426 
Other purchased intangibles 1.9 years14,212 10,950 3,262 
Total
$186,140 $177,366 $8,774 
(1) The Company amortizes its customer relationship assets in a pattern that best reflects the pace in which the assets’ benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first four to five years, which may not correlate to the overall life of the asset.
    As of December 31, 2025, intangible assets subject to amortization are summarized as follows (in thousands):
Weighted-Average Remaining
  Amortization
Period
Historical
Cost		Accumulated
Amortization		Net
Trade names0.1 years$8,299 $8,148 $151 
Patent and patent licenses0.0 years54,341 54,341 — 
Customer relationships (1)
1.6 years109,663 103,616 6,047 
Other purchased intangibles 1.0 year11,917 10,821 1,096 
Total$184,220 $176,926 $7,294 
(1) The Company amortizes its customer relationship assets in a pattern that best reflects the pace in which the assets’ benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first four to five years, which may not correlate to the overall life of the asset.
Expected amortization expenses for intangible assets subject to amortization at June 30, 2026 are as follows (in thousands):
Fiscal Year:Amount
2026 (remainder)
$1,239 
2027
1,778 
2028
1,356 
2029
1,171 
2030
1,016 
Thereafter2,214 
Total$8,774 
Amortization expense was $0.6 million for both the three months ended June 30, 2026 and 2025, and $1.1 million and $1.3 million for the six months ended June 30, 2026 and 2025, respectively.
No impairment of intangible assets was recorded in the three and six months ended June 30, 2026 and 2025.