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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets | The following tables summarize the Company’s intangible assets (dollars in thousands):
|  | June 30, 2025 |
|  | Weighted average amortization period in years |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer Relationships |  |  | 15 |  |  | $ | 36,600 |  |  | $ | 8,691 |  |  | $ | 27,909 |
Trade Names |  |  | 10 |  |  |  | 800 |  |  |  | 285 |  |  |  | 515 |
Developed Technology |  |  | 5 |  |  |  | 739 |  |  |  | 567 |  |  |  | 172 |
Vendor Relationships |  |  | 15 |  |  |  | 1,257 |  |  |  | 462 |  |  |  | 795 |
Database |  |  | 5 |  |  |  | 2,400 |  |  |  | 1,710 |  |  |  | 690 |
Patents |  |  | 17 |  |  |  | 157 |  |  |  | 65 |  |  |  | 92 |
Subtotal intangible assets |  |  |  |  |  | 41,953 |  |  |  | 11,780 |  |  |  | 30,173 |
In-place Lease Intangible Asset |  |  | 4 |  |  |  | 568 |  |  |  | 501 |  |  |  | 67 |
Above Market Lease Intangible Asset |  |  | 4 |  |  |  | 896 |  |  |  | 786 |  |  |  | 110 |
Total intangible assets |  |  |  |  | $ | 43,417 |  |  | $ | 13,067 |  |  | $ | 30,350 |
|  | December 31, 2024 |
|  | Weighted average amortization period in years |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Customer Relationships |  |  | 15 |  |  | $ | 36,600 |  |  | $ | 7,471 |  |  | $ | 29,129 |
Trade Names |  |  | 10 |  |  |  | 800 |  |  |  | 245 |  |  |  | 555 |
Developed Technology |  |  | 5 |  |  |  | 739 |  |  |  | 507 |  |  |  | 232 |
Vendor Relationships |  |  | 15 |  |  |  | 1,263 |  |  |  | 420 |  |  |  | 843 |
Database |  |  | 5 |  |  |  | 2,400 |  |  |  | 1,470 |  |  |  | 930 |
Patents |  |  | 17 |  |  |  | 157 |  |  |  | 61 |  |  |  | 96 |
Subtotal intangible assets |  |  |  |  |  | 41,959 |  |  |  | 10,174 |  |  |  | 31,785 |
In-place Lease Intangible Asset |  |  | 4 |  |  |  | 568 |  |  |  | 433 |  |  |  | 135 |
Above Market Lease Intangible Asset |  |  | 4 |  |  |  | 896 |  |  |  | 677 |  |  |  | 219 |
Total intangible assets |  |  |  |  | $ | 43,423 |  |  | $ | 11,284 |  |  | $ | 32,139 |
Schedule of Carrying Amount of Goodwill | The following table provides a roll forward of the carrying amount of goodwill (in thousands):
|  | 2025 |  |  | 2024 |
Balance as of January 1: |  |  |  |  |  |
Gross goodwill |  | $ | 265,760 |  |  | $ | 265,989 |
Accumulated impairments |  |  | (3,074 | ) |  |  | (3,074 | )
Net goodwill as of January 1 |  |  | 262,686 |  |  |  | 262,915 |
Goodwill acquired during the year |  |  | — |  |  |  | — |
Impact of foreign exchange |  |  | 1,085 |  |  |  | (229 | )
Net goodwill as of June 30, 2025 and December 31, 2024: |  | $ | 263,771 |  |  | $ | 262,686 |
Schedule of Amortization Expense | Amortization expense for the three and six months ended June 30, 2025 and 2024 was as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Sales and marketing |  | $ | 770 |  |  |  | 769 |  |  | $ | 1,540 |  |  |  | 1,540 |
Product development |  |  | 30 |  |  |  | 42 |  |  |  | 60 |  |  |  | 84 |
General and administrative (1) |  |  | 3 |  |  |  | 4 |  |  |  | 7 |  |  |  | 7 |
Total |  | $ | 803 |  |  | $ | 815 |  |  | $ | 1,607 |  |  | $ | 1,631 |
(1) Amortization of the lease related intangible assets is recorded as operating lease expense in general and administrative.

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