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Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Gross Amount and Accumulated Amortization of Intangible Assets | The gross amount and accumulated amortization of intangible assets with finite useful lives included in “Intangible assets, net” on the consolidated balance sheets are as follows (in thousands except for years):
|  | June 30, 2024 |  |  | December 31, 2023 |  |  | Weighted Average |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Amortization Period (in years) |
Backlog |  | $ | 107,000 |  |  | $ | (37,922 | ) |  | $ | 69,078 |  |  | $ | 130,000 |  |  | $ | (45,964 | ) |  | $ | 84,036 |  |  |  | 4.8 |
Customer relationships |  |  | 292,530 |  |  |  | (128,572 | ) |  |  | 163,958 |  |  |  | 297,120 |  |  |  | (124,194 | ) |  |  | 172,926 |  |  |  | 11.5 |
Leases |  |  | 120 |  |  |  | (118 | ) |  |  | 2 |  |  |  | 120 |  |  |  | (106 | ) |  |  | 14 |  |  |  | 1.0 |
Developed technology |  |  | 30,600 |  |  |  | (17,620 | ) |  |  | 12,980 |  |  |  | 31,600 |  |  |  | (15,823 | ) |  |  | 15,777 |  |  |  | 4.7 |
Trade name |  |  | 1,000 |  |  |  | (917 | ) |  |  | 83 |  |  |  | 1,000 |  |  |  | (417 | ) |  |  | 583 |  |  |  | 1.0 |
Non-compete agreements |  |  | 500 |  |  |  | (347 | ) |  |  | 153 |  |  |  | 1,500 |  |  |  | (1,097 | ) |  |  | 403 |  |  |  | 3.0 |
In process research and development |  |  | 1,800 |  |  |  | - |  |  |  | 1,800 |  |  |  | 1,800 |  |  |  | - |  |  |  | 1,800 |  |  | n/a |
Other intangibles |  |  | 25 |  |  |  | - |  |  |  | 25 |  |  |  | 375 |  |  |  | (348 | ) |  |  | 27 |  |  | - |
Total intangible assets |  | $ | 433,575 |  |  | $ | (185,496 | ) |  | $ | 248,079 |  |  | $ | 463,515 |  |  | $ | (187,949 | ) |  | $ | 275,566 |  |  |  |
Schedule of Estimated Amortization Expense | Estimated amortization expense for the remainder of the current fiscal year and in each of the next four years and beyond is as follows (in thousands):
|  | June 30, 2024 |
2024 |  | $ | 22,352 |
2025 |  |  | 43,443 |
2026 |  |  | 37,019 |
2027 |  |  | 32,538 |
2028 |  |  | 24,323 |
Thereafter |  |  | 86,604 |
Total |  | $ | 246,279 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
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