| Schedule of Intangible Assets and Goodwill |
The carrying amounts of goodwill and intangible assets, as of June 30, 2026 and December 31, 2025, consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
(in thousands) |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
410,390 |
|
|
$ |
(240,719 |
) |
|
$ |
169,671 |
|
Developed technologies |
|
|
85,243 |
|
|
|
(63,495 |
) |
|
|
21,748 |
|
Tradenames |
|
|
36,140 |
|
|
|
(14,952 |
) |
|
|
21,188 |
|
Database |
|
|
70,032 |
|
|
|
(59,915 |
) |
|
|
10,117 |
|
Total finite-lived intangible assets |
|
$ |
601,805 |
|
|
$ |
(379,081 |
) |
|
$ |
222,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
(in thousands) |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
410,390 |
|
|
$ |
(227,007 |
) |
|
$ |
183,383 |
|
Developed technologies |
|
|
85,328 |
|
|
|
(56,569 |
) |
|
|
28,759 |
|
Tradenames |
|
|
36,171 |
|
|
|
(13,902 |
) |
|
|
22,269 |
|
Database |
|
|
69,846 |
|
|
|
(56,780 |
) |
|
|
13,066 |
|
Total finite-lived intangible assets |
|
|
601,735 |
|
|
|
(354,258 |
) |
|
|
247,477 |
|
Goodwill |
|
|
197,219 |
|
|
|
— |
|
|
|
197,219 |
|
Total goodwill and intangible assets |
|
$ |
798,954 |
|
|
$ |
(354,258 |
) |
|
$ |
444,696 |
|
|
| Schedule of Future Amortization Expense |
Estimated total intangible amortization expense during the next five years and thereafter is as follows:
|
|
|
|
|
(in thousands) |
|
|
|
2026, excluding the six months ended June 30, 2026 |
|
$ |
22,460 |
|
2027 |
|
|
40,914 |
|
2028 |
|
|
31,481 |
|
2029 |
|
|
26,224 |
|
2030 |
|
|
21,782 |
|
Thereafter |
|
|
79,863 |
|
Total |
|
$ |
222,724 |
|
|
| Schedule of Goodwill |
As of and for the periods ended June 30, 2026 and December 31, 2025, goodwill consisted of the following:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Six Months Ended
June 30, 2026 |
|
|
Year Ended
December 31, 2025 |
|
Goodwill, gross - beginning of period |
|
$ |
1,369,537 |
|
|
$ |
1,369,537 |
|
Accumulated impairment losses |
|
|
(1,172,318 |
) |
|
|
(976,254 |
) |
Goodwill, net - beginning of period |
|
|
197,219 |
|
|
|
393,283 |
|
Goodwill impairment loss |
|
|
(197,219 |
) |
|
|
(196,064 |
) |
Goodwill, net - end of period |
|
$ |
— |
|
|
$ |
197,219 |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Six Months Ended
June 30, 2026 |
|
|
Year Ended
December 31, 2025 |
|
Goodwill, gross - end of period |
|
$ |
1,369,537 |
|
|
$ |
1,369,537 |
|
Accumulated impairment losses |
|
|
(1,369,537 |
) |
|
|
(1,172,318 |
) |
Goodwill, net - end of period |
|
$ |
— |
|
|
$ |
197,219 |
|
|