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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 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 December 31, 2025 and 2024, respectively. The following is a summary of changes in goodwill and intangible assets with indefinite lives for the year ended December 31, 2025:
|  | (In thousands) |
Balance at December 31, 2024 |  | $ | 236,706 |
Goodwill from the 2025 RFQ-hub Acquisition |  |  | 46,961 |
Balance at December 31, 2025 |  | $ | 283,667 |
Intangible assets with definite lives, including the related accumulated amortization, are comprised of the following:
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Cost |  |  | Accumulated amortization |  |  | Net carrying amount |  |  | Cost |  |  | Accumulated amortization |  |  | Net carrying amount |
|  | (In thousands) |
Customer relationships |  | $ | 155,492 |  |  | $ | (80,539 | ) |  | $ | 74,953 |  |  | $ | 138,089 |  |  | $ | (64,698 | ) |  | $ | 73,391 |
Developed technology |  |  | 55,970 |  |  |  | (21,984 | ) |  |  | 33,986 |  |  |  | 39,070 |  |  |  | (15,501 | ) |  |  | 23,569 |
Other |  |  | 2,760 |  |  |  | (1,070 | ) |  |  | 1,690 |  |  |  | 2,060 |  |  |  | (942 | ) |  |  | 1,118 |
Total |  | $ | 214,222 |  |  | $ | (103,593 | ) |  | $ | 110,629 |  |  | $ | 179,219 |  |  | $ | (81,141 | ) |  | $ | 98,078 |
Amortization expense associated with identifiable intangible assets was $19.9 million, $19.8 million and $18.6 million for the years ended December 31, 2025, 2024 and 2023, respectively. Annual estimated total amortization expense is $19.7 million, $18.3 million, $16.7 million, $15.8 million and $11.1 million for the years ended December 31, 2026 through 2030, respectively.

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- 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
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