| Intangible Assets, Net |
Note 5. Intangible Assets, Net Intangible assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
Weighted-Average Amortization Period (in years) |
Gross |
|
|
Accumulated Amortization |
|
|
Net |
|
Customer relationships |
14 |
$ |
25,470 |
|
|
$ |
(9,502 |
) |
|
$ |
15,968 |
|
Acquired software technology |
9 |
|
16,340 |
|
|
|
(6,905 |
) |
|
|
9,435 |
|
Patents and intellectual property |
3 |
|
2,082 |
|
|
|
(1,734 |
) |
|
|
348 |
|
Tradename |
9 |
|
2,100 |
|
|
|
(1,381 |
) |
|
|
719 |
|
Total intangible assets, net |
|
$ |
45,992 |
|
|
$ |
(19,522 |
) |
|
$ |
26,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
Weighted-Average Amortization Period (in years) |
Gross |
|
|
Accumulated Amortization |
|
|
Net |
|
Customer relationships |
14 |
$ |
25,470 |
|
|
$ |
(8,140 |
) |
|
$ |
17,330 |
|
Acquired software technology |
9 |
|
16,340 |
|
|
|
(5,622 |
) |
|
|
10,718 |
|
Patents and intellectual property |
3 |
|
2,076 |
|
|
|
(1,600 |
) |
|
|
476 |
|
Tradename |
9 |
|
2,100 |
|
|
|
(1,289 |
) |
|
|
811 |
|
Total intangible assets, net |
|
$ |
45,986 |
|
|
$ |
(16,651 |
) |
|
$ |
29,335 |
|
Intangible amortization expense was approximately $1.0 million for the three months ended September 30, 2026 and 2025. Intangible amortization expense was approximately $2.9 million for the nine months ended September 30, 2026 and 2025. The following table presents future intangible asset amortization as of September 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
Remainder of 2026 |
|
|
|
|
|
$ |
953 |
|
2027 |
|
|
|
|
|
|
3,809 |
|
2028 |
|
|
|
|
|
|
3,741 |
|
2029 |
|
|
|
|
|
|
3,650 |
|
2030 |
|
|
|
|
|
|
2,775 |
|
Thereafter |
|
|
|
|
|
|
11,542 |
|
Total |
|
|
|
|
|
$ |
26,470 |
|
|