Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2026

5. Goodwill and Intangible Assets

Goodwill

The change in carrying amount of goodwill was as follows:


	Total

	(In thousands)




Balance as of December 31, 2025	$	356,772


Foreign currency translation adjustments	(11,350)
Balance as of September 30, 2026	$	345,422

Intangible Assets

Intangible assets, net consisted of the following:


	As of September 30,						As of December 31,

	2026						2025

	Gross Amount		Accumulated Amortization		Net Carrying Value		Gross Amount		Accumulated Amortization		Net Carrying Value

	(In thousands)
Customer relationships	$	152,908	$	(64,313)	$	88,595	$	154,492	$	(57,344)	$	97,148



Developed technology	82,015		(57,240)		24,775		84,765		(43,795)		40,970
Other, definite lived	2,828		(2,828)		—		2,828		(2,828)		—
Licenses and other, indefinite lived	700		—		700		624		—		624







Total intangible assets, net	$	238,451	$	(124,381)	$	114,070	$	242,709	$	(103,967)	$	138,742

The Company recognized amortization expense as follows:


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025

	(In thousands)
Cost of revenue	$	5,007	$	2,100	$	15,141	$	6,039

Sales and marketing	2,524		2,533		7,580		7,446

Total amortization expense	$	7,531	$	4,633	$	22,721	$	13,485

The remaining weighted average amortization period for definite lived intangible assets is 7.4 years.

Future estimated amortization expense for definite lived intangible assets is as follows: