Goodwill and Intangible Assets:

Goodwill associated with the Merger during the first quarter of 2026 and the Company’s past acquisitions totaled $270.5 million and $167.5 million at  September 30, 2026 and  December 31, 2025, respectively. The Company recorded $103.1 million in goodwill in the first nine months as a result of the Merger.  Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value, which is determined through an impairment test. Management performs goodwill impairment testing on an annual basis as of September 30, or whenever events or changes in circumstances indicate that the fair value of a reporting unit may be below its carrying value. As of  September 30, 2026, no events or changes in circumstances indicated that the fair value of the reporting unit was below its carrying value. The Company will continue to monitor its goodwill for possible impairment.

Acquired Intangible Assets

Acquired intangible assets were as follows:

Aggregate amortization expense was $1.2 million and $3.3 million for the three and nine months ended September 30, 2026, respectively. Aggregate amortization expense was $718,000 and $2.2 million for the three and nine months ended September 30, 2025, respectively.

Estimated amortization expense for each of the next five periods and thereafter: