v3.26.1
Intangibles
6 Months Ended
Jun. 30, 2026
Intangibles  
Intangibles

4. Intangibles

 

Intangible assets as of June 30, 2026 and December 31, 2025 consisted of following (in thousands):

 

 

June 30, 2026

 

December 31, 2025

 

 

 

Gross Amount 

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

 

Gross Amount 

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

Indefinite-Lived intangible assets

$

36,443

 

$

 

$

36,443

 

$

36,443

 

$

 

$

36,443

 

Acquired Software

 

7,417

 

 

3,458

 

 

3,959

 

 

7,602

 

 

3,264

 

 

4,338

 

Acquired Technology

 

619

 

 

202

 

 

417

 

 

639

 

 

182

 

 

457

 

Internal Use Software

 

4,008

 

 

3,055

 

 

953

 

 

3,650

 

 

2,721

 

 

929

 

Total

$

48,487

 

$

6,715

 

$

41,772

 

$

48,334

 

$

6,167

 

$

42,167

 

 

The weighted average remaining useful lives of acquired software and acquired technology were 8.3 years as of June 30, 2026.

 

The Company recognized $0.3 million of amortization expense related to its intangible assets during each of the three months ended June 30, 2026 and June 30, 2025. Amortization expense on intangibles assets was $0.6 million and $0.8 million for the six months ended June 30, 2026 and 2025, respectively. Future amortization is expected as follows:

 

2026

$

579

 

2027

 

893

 

2028

 

744

 

2029

 

576

 

2030

 

525

 

2031 and thereafter

 

2,012

 

 

$

5,329