XML 24 R12.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill and other intangible assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets Goodwill and other intangible assets
The change in the carrying amount of goodwill was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in thousands)
Goodwill, beginning of period$1,063,111 $885,404 $882,593 $887,121 
Goodwill acquired
— — 155,634 — 
Measurement period adjustments617 — 617 — 
Foreign currency translation adjustment(6,042)14,688 18,842 12,971 
Goodwill, end of period$1,057,686 $900,092 $1,057,686 $900,092 
The gross carrying amount and accumulated amortization of intangible assets other than goodwill were as follows:
September 30, 2025
Useful Life
Gross Carrying Value
Accumulated
Amortization		Foreign Currency TranslationNet Carrying
Value
Weighted-Average
Remaining
Useful Life
(in thousands)
Trademarks
2 - 8 years
$34,800 $33,925 $— $875 0.7 years
Customer relationships
5 - 12 years
294,608 162,052 (791)131,765 5.0 years
Developed technology
5 - 6.5 years
108,887 52,395 (3,252)53,240 3.5 years
Non-competes
3 years
1,349 1,295 — 54 0.1 years
Intellectual property
5 years
270 79 — 191 3.5 years
Total intangible assets$439,914 $249,746 $(4,043)$186,125 
December 31, 2024
Useful Life
Gross Carrying Value
Accumulated
Amortization		Foreign Currency TranslationNet Carrying
Value
Weighted-Average
Remaining
Useful Life
(in thousands)
Trademarks
8 years
$34,300 $30,584 $— $3,716 0.8 years
Customer relationships
5 - 12 years
257,308 142,131 (1,993)113,184 5.3 years
Developed technology
5 - 6.5 years
75,487 39,826 (5,352)30,309 3.0 years
Non-competes
3 years
1,349 967 — 382 0.8 years
Intellectual property
5 years
270 38 — 232 4.3 years
Total intangible assets$368,714 $213,546 $(7,345)$147,823 
Amortization expense was $13.1 million and $10.0 million for the three months ended September 30, 2025 and 2024, respectively, and $35.8 million and $30.3 million for the nine months ended September 30, 2025 and 2024, respectively.
The expected future amortization expense as of September 30, 2025 for intangible assets acquired in connection with the Identity Automation acquisition is as follows:
Years ending December 31:
2025 (remaining three months)
$3,167 
202612,668 
202712,481 
202812,419 
202912,419 
Thereafter11,712 
Total amortization expense$64,866 
There were no impairments to goodwill or intangible assets during the three and nine months ended September 30, 2025 and 2024.