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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Intangible Assets Our intangible assets consist of the following:
| December 31, |  |
| 2025 |  | 2024 |  |
Definite-lived intangible assets | (in thousands) |  |
Intellectual property | $ | 12,450 |  |  | $ | 12,450 |  |  |
Customer relationships | 47,547 |  |  | 47,547 |  |  |
Capitalized internal-use software | 34,802 |  |  | 22,265 |  |  |
Less: Accumulated amortization | 25,463 |  |  | 18,573 |  |  |
Definite-lived intangible assets, net | 69,336 |  |  | 63,689 |  |  |
Indefinite-lived intangible assets |  |  |  |  |
Trademarks | 14,571 |  |  | 14,571 |  |  |
Total intangible assets, net | $ | 83,907 |  |  | $ | 78,260 |  |  |
Amortization expense is as follows:
|  |  |  |  | Years Ended December 31, |
|  |  |  |  | 2025 |  | 2024 |  | 2023 |
|  |  |  |  | (in thousands) |
Amortization expense |  |  |  |  | $ | 6,890 |  |  | $ | 8,375 |  |  | $ | 5,331 |  |
The weighted-average amortization period for definite-lived intangible assets are as follow as of December 31, 2025:
| (in years)
Intellectual property | 17.4
Customer relationships | 9.9
Capitalized internal-use software | 7.6
Definite-lived intangible assets | 10.5
Total future amortization expense for finite-lived intangible assets was estimated as follows:
| (in thousands) |  |
2026 | $ | 6,314 |  |  |
2027 | 6,257 |  |  |
2028 | 5,692 |  |  |
2029 | 5,310 |  |  |
2030 | 4,382 |  |  |
Thereafter | 24,528 |  |  |
Total future amortization expense | 52,483 |  |  |
Internal-use software projects in process | 16,853 |  |  |
Total | $ | 69,336 |  |  |
Goodwill The changes in the carrying amount of goodwill were as follows:
| December 31, |  |
| 2025 |  | 2024 |  | 2023 |  |
| (in thousands) |  |
Balance, beginning of period | $ | 81,892 |  |  | $ | 81,892 |  |  | $ | 81,892 |  |  |
Decreases due to acquisition adjustments | — |  |  | — |  |  | — |  |  |
Balance, end of period | $ | 81,892 |  |  | $ | 81,892 |  |  | $ | 81,892 |  |  |

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