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Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Amortization is computed using the straight-line method over the following estimated useful lives:
Intellectual property | 6 - 30 years
Customer relationships | 14 years
Our intangible assets consist of the following:
| June 30, 2025 |  | December 31, 2024
Definite-lived intangible assets | (in thousands)
Intellectual property | $ | 12,450 |  |  | $ | 12,450 |
Customer relationships | 47,547 |  |  | 47,547 |
Capitalized internal-use software | 28,164 |  |  | 22,265 |
Less: Accumulated amortization | 22,317 |  |  | 18,573 |
Definite-lived intangible assets, net | 65,844 |  |  | 63,689 |
Indefinite-lived intangible assets |  |  |
Trademarks | 14,571 |  |  | 14,571 |
Total intangible assets, net | $ | 80,415 |  |  | $ | 78,260 |
Schedule of Amortization Expense | Amortization expense is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2025 |  | June 30, 2024 |  | June 30, 2025 |  | June 30, 2024
| (in thousands)
Amortization expense | $ | 1,669 |  |  | $ | 1,749 |  |  | $ | 3,744 |  |  | $ | 3,455 |
The weighted-average amortization period for definite-lived intangible assets are as follows as of June 30, 2025:
| (in years)
Intellectual property | 17.3
Customer relationships | 10.4
Capitalized internal-use software | 7.5
Definite-lived intangible assets | 10.9
Total future amortization expense for finite-lived intangible assets was estimated as follows:
| (in thousands)
2025 | $ | 3,079 |
2026 | 6,157 |
2027 | 6,100 |
2028 | 5,536 |
2029 | 5,154 |
Thereafter | 28,042 |
Total future amortization expense | 54,068 |
Internal-use software projects not in service | 11,776 |
Total | $ | 65,844 |
Schedule of Goodwill | Goodwill The changes in the carrying amount of goodwill were as follows:
| Six Months Ended |  |
| June 30, 2025 |  | June 30, 2024 |  |
| (in thousands) |  |
Balance, beginning of period | $ | 81,892 |  |  | $ | 81,892 |  |  |
Additions (decreases) during the period | — |  |  | — |  |  |
Balance, end of period | $ | 81,892 |  |  | $ | 81,892 |  |  |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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