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Identifiable Intangible Assets and Goodwill | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Identifiable Intangible Assets and Goodwill | Identifiable Intangible Assets and Goodwill The components of identifiable intangible assets are:
(in thousands) | September 30, 2025 |  | December 31, 2024 |  |  |  | Estimated Useful Life |  | Weighted-Average Amortization Period
Acquired developed technology | $ | 183,840 |  |  | $ | 181,600 |  |  |  |  | 3 - 7 years |  | 4.46 years
Internally developed software costs | 46,915 |  |  | 42,353 |  |  |  |  | 3 years |  | 2.07 years
Customer relationships | 119,046 |  |  | 115,910 |  |  |  |  | 5 - 15 years |  | 10.18 years
Trade names | 3,210 |  |  | 3,210 |  |  |  |  | 2 - 8 years |  | 6.81 years
Non-competition agreements | 7,230 |  |  | 7,230 |  |  |  |  | 1 - 5 years |  | 3.90 years
| 360,241 |  |  | 350,303 |  |  |  |  |  |  |
Impact of currency translation on intangible assets | (790) |  |  | (5,557) |  |  |  |  |  |  |
Less: accumulated amortization | (154,815) |  |  | (119,900) |  |  |  |  |  |  |
| 204,636 |  |  | 224,846 |  |  |  |  |  |  |
Internally developed software costs not meeting general release threshold | 1,149 |  |  | 1,287 |  |  |  |  |  |  |
Trademarks, trade names (non-amortizable) | 11,200 |  |  | 11,200 |  |  |  |  | Indefinite |  |
| $ | 216,985 |  |  | $ | 237,333 |  |  |  |  |  |  |
Software costs placed into service during the three months ended September 30, 2025 and 2024 were $2.4 million and $1.3 million, respectively. Software costs placed into service during the nine months ended September 30, 2025 and 2024, were $4.6 million and $3.2 million, respectively. The following table summarizes amortization expense for acquired developed technology and internally developed software:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Amortization of acquired developed technology |  | $ | 6,366 |  |  | $ | 5,660 |  |  | $ | 18,926 |  |  | $ | 14,628 |
Amortization of internally developed software |  | 1,671 |  |  | 1,168 |  |  | 4,628 |  |  | 3,591 |
Amortization of identifiable intangible assets recorded in cost of sales |  | $ | 8,037 |  |  | $ | 6,828 |  |  | $ | 23,554 |  |  | $ | 18,219 |
Amortization expense recorded in operating expenses |  | $ | 3,389 |  |  | $ | 2,699 |  |  | $ | 10,042 |  |  | $ | 5,577 |
Impact of foreign currency translation on intangible assets |  | $ | (341) |  |  | $ | (484) |  |  | $ | 1,320 |  |  | $ | 126 |
The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold is:
(in thousands) |
2025, remaining | $ | 11,225 |
2026 | 43,509 |
2027 | 38,948 |
2028 | 26,751 |
2029 | 19,233 |
Thereafter | 64,970 |
Total | $ | 204,636 |
Goodwill carried is as follows:
(in thousands) | 2025 |  | 2024 |
Beginning balance - January 1 | $ | 887,459 |  |  | $ | 488,918 |  |
Stuzo Acquisition | — |  |  | 136,602 |  |
TASK Group Acquisition | — |  |  | 181,442 |  |
Foreign currency translation | 10,057 |  |  | (3,878) |  |
Delaget Acquisition ASC 805 measurement period adjustment | 937 |  |  | — |  |
Ending balance - September 30 | $ | 898,453 |  |  | $ | 803,084 |  |

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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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