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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2025 and 2024 (amounts in thousands):

Balance at December 31, 2023

 

$

987,120

 

Measurement period adjustment - Metenova

 

 

(56

)

Acquisition of Tantti

 

 

47,105

 

Cumulative translation adjustment

 

 

(3,174

)

Balance at December 31, 2024

 

$

1,030,995

 

Acquisition of 908 Devices PAT Portfolio

 

 

50,177

 

Measurement period adjustment - Tantti

 

 

(162

)

Cumulative translation adjustment

 

 

33,398

 

Balance at December 31, 2025

 

$

1,114,408

 

 
Schedule of Intangible Assets

Intangible assets, net consisted of the following for the periods presented:

 

 

December 31, 2025

 

 

 

Gross
Carrying
Value (1)

 

 

Accumulated
Amortization (1)

 

 

Net
Carrying
Value

 

 

Weighted
Average
Useful Life
(in years)

 

 

 

(Amounts in thousands)

 

 

 

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Technology – developed

 

$

301,931

 

 

$

(82,032

)

 

$

219,899

 

 

 

15

 

Customer relationships

 

 

277,696

 

 

 

(120,205

)

 

 

157,491

 

 

 

15

 

Trademarks

 

 

10,564

 

 

 

(2,950

)

 

 

7,614

 

 

 

18

 

Other intangibles

 

 

4,027

 

 

 

(3,584

)

 

 

443

 

 

 

3

 

Total finite-lived intangible assets

 

 

594,218

 

 

 

(208,771

)

 

 

385,447

 

 

 

15

 

Indefinite-lived intangible asset:

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

700

 

 

 

—

 

 

 

700

 

 

 

—

 

Total intangible assets

 

$

594,918

 

 

$

(208,771

)

 

$

386,147

 

 

 

 

 

 

 

December 31, 2024

 

 

 

Gross
Carrying
Value (1)

 

 

Accumulated
Amortization (1)

 

 

Net
Carrying
Value

 

 

Weighted
Average
Useful Life
(in years)

 

 

 

(Amounts in thousands)

 

 

 

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Technology – developed

 

$

283,380

 

 

$

(60,272

)

 

$

223,108

 

 

 

16

 

Customer relationships

 

 

267,599

 

 

 

(100,646

)

 

 

166,953

 

 

 

15

 

Trademarks

 

 

8,641

 

 

 

(2,283

)

 

 

6,358

 

 

 

19

 

Other intangibles

 

 

3,812

 

 

 

(3,034

)

 

 

778

 

 

 

3

 

Total finite-lived intangible assets

 

 

563,432

 

 

 

(166,235

)

 

 

397,197

 

 

 

15

 

Indefinite-lived intangible asset:

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

700

 

 

 

—

 

 

 

700

 

 

 

—

 

Total intangible assets

 

$

564,132

 

 

$

(166,235

)

 

$

397,897

 

 

 

 

(1) Excludes the original cost and accumulated amortization of fully amortized intangibles.
Schedule of Amortization Expense for Amortized Intangible Assets As of December 31, 2025, the Company expects to record the following amortization expense in future periods:

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

Amounts in thousands

 

2026

 

$

39,396

 

2027

 

 

39,360

 

2028

 

 

39,327

 

2029

 

 

39,216

 

2030

 

 

38,099

 

2031 and thereafter

 

 

190,049

 

Total

 

$

385,447