| Summary of Gross Carrying Amounts and Accumulated Amortization of Intangible Assets by Major Class |
The following table summarizes the gross carrying amounts and accumulated amortization of the Company’s intangible assets by major class:
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June 30, 2026 |
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December 31, 2025 |
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Weighted Average |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net
Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net
Carrying Amount |
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Remaining Useful Life (Years) June 30, 2026 |
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Customer relationships |
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$ |
66,554 |
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$ |
(38,272 |
) |
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$ |
28,282 |
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$ |
66,570 |
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$ |
(35,899 |
) |
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$ |
30,671 |
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6.5 |
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Developed technology |
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|
21,724 |
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(19,030 |
) |
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|
2,694 |
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21,738 |
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(18,738 |
) |
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3,000 |
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|
4.6 |
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Databases |
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29,142 |
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(16,100 |
) |
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|
13,042 |
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29,145 |
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(15,068 |
) |
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14,077 |
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6.4 |
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Tradenames |
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9,325 |
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(5,409 |
) |
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3,916 |
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9,325 |
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(5,090 |
) |
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4,235 |
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6.1 |
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Patents |
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|
857 |
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(258 |
) |
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|
599 |
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|
871 |
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(248 |
) |
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|
623 |
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17.0 |
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Content library |
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|
592 |
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(271 |
) |
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|
321 |
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|
592 |
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(242 |
) |
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|
350 |
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5.4 |
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Total |
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$ |
128,194 |
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$ |
(79,340 |
) |
|
$ |
48,854 |
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|
$ |
128,241 |
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$ |
(75,285 |
) |
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$ |
52,956 |
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| Schedule of Expected Future Amortization Expense for Intangible Assets |
The expected future amortization expense for intangible assets as of June 30, 2026 is as follows:
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2026 (remainder) |
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$ |
4,093 |
|
2027 |
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|
8,186 |
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2028 |
|
|
7,965 |
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2029 |
|
|
7,696 |
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2030 |
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|
7,226 |
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Thereafter |
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|
13,688 |
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Total |
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$ |
48,854 |
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| Schedule of Capitalized Software Development Costs |
Capitalized software development costs are as follows:
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June 30, 2026 |
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December 31, 2025 |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net
Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net
Carrying Amount |
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Capitalized software development costs |
|
$ |
41,516 |
|
|
$ |
(28,644 |
) |
|
$ |
12,872 |
|
|
$ |
38,284 |
|
|
$ |
(25,699 |
) |
|
$ |
12,585 |
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