Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2026

Goodwill and Intangible Assets

Goodwill and Intangible Assets

(5) Goodwill and Intangible Assets

Goodwill

Changes in the carrying amount of goodwill related to Quint are as follows (amounts in thousands):


Balance at January 1, 2026		$	127,367
Foreign currency translation adjustments			391
Acquisitions (1)			5,642
Balance at September 30, 2026		$	133,400

(1)

Acquired goodwill relates to Quint’s acquisition of TNTT (see note 1 for additional information).

Intangible Assets Subject to Amortization

Intangible assets subject to amortization are comprised of the following:


		September 30, 2026							December 31, 2025
		Gross					Net		Gross				Net
		carrying			Accumulated		carrying		carrying		Accumulated		carrying
		amount			amortization		amount		amount		amortization		amount

		amounts in thousands
Rightsholder relationships		$	184,738		(72,973)		111,765		170,081		(51,787)		118,294
Capitalized software			2,736		(2,408)		328		2,645		(2,334)		311
Customer relationships			4,300		(27)		4,273		—		—		—
Other			900		(32)		868		—		—		—
Total		$	192,674		(75,440)		117,234		172,726		(54,121)		118,605

Rightsholder relationships are amortized over 3 to 13 years and capitalized software is amortized over 3 years. Customer relationships and other intangibles recognized in relation to the TNTT acquisition are amortized over 12 years and 2 years, respectively (subject to change as acquisition accounting is finalized). Amortization expense was $6,450 thousand and $6,416 thousand for the three months ended September 30, 2026 and 2025, respectively, and $19,225 thousand and $19,236 thousand for the nine months ended September 30, 2026 and 2025, respectively.