The following table represents the change in the carrying value of goodwill for the nine months ended September 30, 2026 (amounts in thousands):


Balance at December 31, 2025	$	1,114,408
Divestiture of Polymem	(713)
Cumulative translation adjustment	(13,376)
Balance at September 30, 2026	$	1,100,319

The Company’s annual impairment analysis of goodwill was performed as of October 1, 2026. The qualitative assessment of the Company’s one reporting unit indicated there were no indications of impairment and it was not more likely than not that its fair value was less than its carrying amount.

Indefinite-lived intangible assets are reviewed for impairment at least annually. Definite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the asset group that includes the definite-lived assets may not be recoverable. The Company reassesses its asset groupings whenever changes in facts and circumstances occur.

During the three months ended September 30, 2026, the Company identified an impairment indicator related to certain definite-lived intangible assets, specific to an intellectual property license agreement, and performed an impairment analysis. Based on the facts and circumstances, these definite-lived intangible assets were determined to be a separate asset group. As a result, the Company determined the developed-technology intangible assets related to the intellectual property license agreement were impaired and recorded a $41.2 million impairment charge, which is included within intangible asset impairment charges on the condensed consolidated statements of comprehensive income or loss.


	September 30, 2026
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	233,937	$	(79,163)	$	154,774	15
Customer relationships	275,633		(132,939)		142,694		15
Trademarks	10,153		(3,098)		7,055		18
Other intangibles	3,448		(3,380)		68		3
Total finite-lived intangible assets	523,171		(218,580)		304,591		15
Indefinite-lived intangible asset:
Trademarks	700		—		700		—
Total intangible assets	$	523,871	$	(218,580)	$	305,291


	December 31, 2025
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	301,931	$	(82,032)	$	219,899	15
Customer relationships	277,696		(120,205)		157,491		15
Trademarks	10,564		(2,950)		7,614		18
Other intangibles	4,027		(3,584)		443		3
Total finite-lived intangible assets	594,218		(208,771)		385,447		15
Indefinite-lived intangible asset:
Trademarks	700		—		700		—
Total intangible assets	$	594,918	$	(208,771)	$	386,147

Amortization expense for finite-lived intangible assets was $9.6 million and $28.9 million for the three and nine months ended September 30, 2026, respectively, and $9.9 million and $29.3 million for the three and nine months ended September 30, 2025, respectively. As of September 30, 2026, the Company expects to record the following amortization expense in future periods:


For the Years Ended December 31,	Amounts in thousands
2026 (remaining three months)	$	8,641
2027	34,558
2028	34,525
2029	34,414
2030	33,301
2031 and thereafter	159,152
Total	$	304,591