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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] |
Goodwill / Tradename | Goodwill and indefinite life intangible asset activity for the six months ended June 30, 2025 and the year ended December 31, 2024 was as follows:
(in thousands) |  | Six months ended June 30, 2025 |  |  | Year ended December 31, 2024 |
Goodwill / Tradename |  | Goodwill |  |  | Tradename |  |  | Goodwill |  |  | Tradename |
Balance at beginning of period |  | $ | 269,747 |  |  | $ | 9,466 |  |  | $ | 211,326 |  |  | $ | 9,570 |
Acquisitions |  |  | 40,711 |  |  |  | — |  |  |  | 59,115 |  |  |  | — |
Divestiture |  |  | (26,838 | ) |  |  | — |  |  |  | — |  |  |  | — |
Foreign currency translation |  |  | 4,423 |  |  |  | 200 |  |  |  | (694 | ) |  |  | (104 | )
Balance at end of period |  | $ | 288,043 |  |  | $ | 9,666 |  |  | $ | 269,747 |  |  | $ | 9,466 |
Intangible Assets - Finite Life | Finite life intangible assets as of June 30, 2025 and December 31, 2024 consisted of the following:
|  | June 30, 2025 |  |  | December 31, 2024 |
(in thousands) |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 22,314 |  |  | $ | 13,642 |  |  | $ | 20,614 |  |  | $ | 14,769 |
Customer lists |  |  | 140,337 |  |  |  | 54,668 |  |  |  | 127,354 |  |  |  | 70,045 |
Tradenames |  |  | 17,660 |  |  |  | 4,961 |  |  |  | 18,530 |  |  |  | 6,392 |
Foreign currency adjustments |  |  | (331 | ) |  |  | (162 | ) |  |  | (2,770 | ) |  |  | (1,528 | )
Total intangible assets – finite life |  | $ | 179,980 |  |  | $ | 73,109 |  |  | $ | 163,728 |  |  | $ | 89,678 |
Summary of Finite Lived Intangible Assets Activities | Finite life intangible asset activity for the six months ended June 30, 2025 and 2024 was as follows:
|  | Six months ended June 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Intangible assets – finite life, net at beginning of period |  | $ | 74,050 |  |  | $ | 50,461 |
Amortization expense |  |  | (6,033 | ) |  |  | (4,315 | )
Acquisitions |  |  | 41,810 |  |  |  | — |
Divestiture |  |  | (4,029 | ) |  |  | — |
Foreign currency adjustments |  |  | 1,073 |  |  |  | (60 | )
Intangible assets – finite life, net at end of period |  | $ | 106,871 |  |  | $ | 46,086 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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