v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The following table reflects the changes in the carrying amount of goodwill:
(in thousands)
June 30, 2026
December 31, 2025
Balance, beginning of period
$
66,523 
$
58,037 
Additions due to acquisitions (Note 3)
— 
8,486 
Balance, end of period
$
66,523 
$
66,523 
Schedule of Intangible Assets
The following table represents intangible assets and accumulated amortization as of June 30, 2026 and December 31, 2025:
(in thousands)
June 30, 2026
December 31, 2025
Software technology (1)
54,995 
$
48,494 
Other purchased finite-life intangible assets
13,701 
13,701 
Indefinite-lived intangible asset
1,761 
1,761 
Intangible assets, gross
70,457 63,956 
Less: Accumulated amortization
(39,854)
(34,458)
Intangible assets, net
$
30,603 
$
29,498 
_________________
(1)Includes capitalized equity based compensation of $5.0 million and $4.6 million as of June 30, 2026 and December 31, 2025, respectively.
Schedule of Future Amortization Expense
The Company estimates that there is no significant residual value related to its finite-life intangible assets. The expected future amortization expense for currently amortizing finite-life intangible assets for the next five years is as follows:
(in thousands)
Amounts
2026$5,337 
20279,407 
20288,020 
2029547 
2030
120 
Total future amortization expense
$
23,431