v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill is an indefinite lived asset with balances as follows:
As of December 31, 2024$64,308 
Impairment(6,219)
Other adjustment(2,527)
Foreign currency translation1,428 
As of December 31, 2025$56,990 
Additions346 
Foreign currency translation(183)
As of June 30, 2026$57,153 
We monitor our reporting units for indicators of impairment throughout the year to determine if a change in facts or circumstances warrants a re-evaluation of our goodwill. No goodwill impairment charges were recognized for the three and six months ended June 30, 2026. We incurred a non-cash impairment charge of $6.2 million in 2025 related to our Pagefield Communications Limited (“Pagefield”) Government Relations Consulting reporting unit and Pagefield Corporate Communications & Public Affairs reporting unit. There was no goodwill impairment for the three and six months ended June 30, 2025.
Intangible assets
We did not recognize any impairment charges on indefinite-lived intangible assets during the three and six months ended June 30, 2026. We incurred non-cash impairment charges of $0.3 million and $2.6 million respectively, within our Pagefield Government Relations Consulting and Pagefield Corporate Communications & Public Affairs Consulting reporting units in 2025. The Company has not recorded any impairment charges related to long-lived assets for the three and six months ended June 30, 2025.
The following presents the Company’s gross and net amounts of intangible assets, other than goodwill, as reported on the Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025:
June 30, 2026
Weighted Average Useful Life (in Years)
Gross Book Value
Accumulated Amortization
Net Book Value
Customer relationships7.1$41,319 $(22,780)$18,539 
Developed technology7.03,938 (1,875)2,063 
Noncompete agreements4.83,531 (1,658)1,873 
Total definite lived assets48,788 (26,313)22,475 
Trade names
12,527 12,527 
Total intangible assets$61,315 $(26,313)$35,002 
December 31, 2025
Weighted Average Useful Life (in Years)
Gross Book Value
Accumulated Amortization
Net Book Value
Customer relationships7.1$40,760 $(20,283)$20,477 
Developed technology7.03,938 (1,594)2,344 
Noncompete agreements4.73,111 (1,309)1,802 
Total definite lived assets47,809 (23,186)24,623 
Trade names
12,490 — 12,490 
Total intangible assets60,299 $(23,186)$37,113 
Amortization expense for customer relationships, noncompete agreement and developed technology assets was approximately $1.6 million, $3.2 million, $1.7 million, and $3.0 million for the three and six months ended June 30, 2026 and 2025, respectively.