| Schedule of Changes in Goodwill |
Changes in goodwill as of June 30, 2026, as compared to December 31, 2025 consisted of the following (in thousands):
|
|
|
|
|
Balance as of December 31, 2025 |
|
$ |
541,493 |
|
Measurement period adjustment |
|
|
(601 |
) |
Impact of foreign currency translation |
|
|
(3,659 |
) |
Balance as of June 30, 2026 |
|
$ |
537,233 |
|
|
| Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
|
As of December 31, 2025 |
|
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Total |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Total |
|
Finite-lived intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer Relationships |
|
$ |
571,172 |
|
|
$ |
(176,703 |
) |
|
$ |
394,469 |
|
|
$ |
572,854 |
|
|
$ |
(154,104 |
) |
|
$ |
418,750 |
|
Developed Technology |
|
|
42,000 |
|
|
|
(35,000 |
) |
|
|
7,000 |
|
|
|
42,000 |
|
|
|
(28,000 |
) |
|
|
14,000 |
|
Lease in place |
|
|
5,696 |
|
|
|
(3,141 |
) |
|
|
2,555 |
|
|
|
5,696 |
|
|
|
(2,742 |
) |
|
|
2,954 |
|
IP Addresses |
|
|
286 |
|
|
|
(286 |
) |
|
|
— |
|
|
|
286 |
|
|
|
(286 |
) |
|
|
— |
|
Patents |
|
|
677 |
|
|
|
(52 |
) |
|
|
625 |
|
|
|
450 |
|
|
|
(29 |
) |
|
|
421 |
|
Total finite-lived intangibles |
|
|
619,831 |
|
|
|
(215,182 |
) |
|
|
404,649 |
|
|
|
621,286 |
|
|
|
(185,161 |
) |
|
|
436,125 |
|
Indefinite-lived intangibles: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks |
|
|
26 |
|
|
|
— |
|
|
|
26 |
|
|
|
24 |
|
|
|
— |
|
|
|
24 |
|
Internet Domain |
|
|
150 |
|
|
|
— |
|
|
|
150 |
|
|
|
150 |
|
|
|
— |
|
|
|
150 |
|
Total indefinite-lived |
|
|
176 |
|
|
|
— |
|
|
|
176 |
|
|
|
174 |
|
|
|
— |
|
|
|
174 |
|
Total intangibles |
|
$ |
620,007 |
|
|
$ |
(215,182 |
) |
|
$ |
404,825 |
|
|
$ |
621,460 |
|
|
$ |
(185,161 |
) |
|
$ |
436,299 |
|
|
| Schedule of Expected Future Amortization Expense |
As of June 30, 2026, expected future amortization expense for the years indicated was as follows (in thousands):
|
|
|
|
|
Remaining portion of 2026 |
|
$ |
25,071 |
|
2027 |
|
|
40,494 |
|
2028 |
|
|
40,494 |
|
2029 |
|
|
40,100 |
|
2030 |
|
|
39,817 |
|
Thereafter |
|
|
218,673 |
|
Total |
|
$ |
404,649 |
|
|