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Intangible Assets | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 8. 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, 2025 |  |  | December 31, 2024 |  |  | Weighted Average |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Amortization Period (in years) |
Backlog |  |  | 152,150 |  |  |  | (66,721 | ) |  |  | 85,429 |  |  |  | 142,100 |  |  |  | (51,322 | ) |  |  | 90,778 |  |  |  | 4.3 |
Customer relationships |  |  | 397,380 |  |  |  | (152,558 | ) |  |  | 244,822 |  |  |  | 372,930 |  |  |  | (139,568 | ) |  |  | 233,362 |  |  |  | 11.7 |
Developed technology |  |  | 31,800 |  |  |  | (10,266 | ) |  |  | 21,534 |  |  |  | 23,200 |  |  |  | (7,458 | ) |  |  | 15,742 |  |  |  | 4.7 |
Trade name |  |  | 1,800 |  |  |  | (1,238 | ) |  |  | 562 |  |  |  | 1,500 |  |  |  | (367 | ) |  |  | 1,133 |  |  |  | 1.0 |
Non-compete agreements |  |  | 8,300 |  |  |  | (2,568 | ) |  |  | 5,732 |  |  |  | 8,300 |  |  |  | (1,203 | ) |  |  | 7,097 |  |  |  | 3.0 |
In process research and development |  |  | 1,800 |  |  |  | - |  |  |  | 1,800 |  |  |  | 1,800 |  |  |  | - |  |  |  | 1,800 |  |  | n/a |
Other intangibles |  |  | 1,424 |  |  |  | - |  |  |  | 1,424 |  |  |  | 25 |  |  |  | - |  |  |  | 25 |  |  | n/a |
Total intangible assets |  | $ | 594,654 |  |  | $ | (233,351 | ) |  | $ | 361,303 |  |  | $ | 549,855 |  |  | $ | (199,918 | ) |  | $ | 349,937 |  |  |  |
The aggregate amortization expense of intangible assets for the three months ended June 30, 2025 and June 30, 2024 was $17.1 million and $13.8 million, respectively and for the six months ended June 30, 2025 and June 30, 2024 was $33.4 million and $27.5 million, respectively. 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, 2025 |
2025 |  | $ | 36,038 |
2026 |  |  | 64,583 |
2027 |  |  | 57,769 |
2028 |  |  | 41,788 |
2029 |  |  | 26,009 |
Thereafter |  |  | 133,316 |
Total |  | $ | 359,503 |

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