XML 25 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill and intangible assets with indefinite lives were $283.7 million and $236.7 million as of September 30, 2025 and December 31, 2024, respectively. The following is a summary of changes in goodwill and intangible assets with indefinite lives for the nine months ended September 30, 2025:
|  | (In thousands) |
Balance at December 31, 2024 |  | $ | 236,706 |
Goodwill from the 2025 RFQ-hub Acquisition |  |  | 46,961 |
Balance at September 30, 2025 |  | $ | 283,667 |
Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | Cost |  |  | Accumulated amortization |  |  | Net carrying amount |  |  | Cost |  |  | Accumulated amortization |  |  | Net carrying amount |
|  | (In thousands) |
Customer relationships |  | $ | 155,525 |  |  | $ | (77,221 | ) |  | $ | 78,304 |  |  | $ | 138,089 |  |  | $ | (64,698 | ) |  | $ | 73,391 |
Developed technology and other intangibles |  |  | 58,730 |  |  |  | (21,154 | ) |  |  | 37,576 |  |  |  | 41,130 |  |  |  | (16,443 | ) |  |  | 24,687 |
Total |  | $ | 214,255 |  |  | $ | (98,375 | ) |  | $ | 115,880 |  |  | $ | 179,219 |  |  | $ | (81,141 | ) |  | $ | 98,078 |
Amortization expense associated with identifiable intangible assets was $5.5 million and $5.0 million for the three months ended September 30, 2025 and 2024, respectively, and $14.7 million and $15.0 million for the nine months ended September 30, 2025 and 2024, respectively. Annual estimated total amortization expense is $20.1 million, $19.7 million, $18.3 million, $16.8 million and $15.8 million for the years ended December 31, 2025 through 2029, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration