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Note 14 - Intangible Assets, Net
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

14.

Intangible assets, net

 

The following table summarizes our intangible assets comprising of Customer Relationships & Contracts (“CR&C”), Trademarks, Technology and Software as of March 31, 2025 and December 31, 2024 (in thousands):

 

  

March 31, 2025

  

December 31, 2024

  

March 31, 2025

 
  

Gross carrying amount

  

Accumulated impairment and amortization

  

Net book value

  

Gross carrying amount

  

Accumulated impairment and amortization

  

Net book value

  

Weighted average remaining life (years)

 

CR&C

 $302,605  $(171,522) $131,083  $302,605  $(164,817) $137,788   7.2 

Trademarks

  64,244   (42,380)  21,864   64,244   (41,141)  23,103   4.9 

Technology

  229,022   (99,417)  129,605   229,022   (95,713)  133,309   10.6 

Software

  21,658   (18,007)  3,651   21,494   (16,838)  4,656   0.8 

Total

 $617,529  $(331,326) $286,203  $617,365  $(318,509) $298,856   8.5 

 

Amortization expense for intangible assets was $12.8 million for the three months ended March 31, 2025, and $10.5 million for the three months ended March 31, 2024, respectively.

 

The following table summarizes the intangible assets which were acquired pursuant to the Coretrax Acquisition (in thousands):

 

  

Acquired Fair Value

  

Weighted average life (years)

 

Coretrax:

        

CR&C

 $45,883   13.0 

Trademarks

  5,251   5.0 

Software

  648   1.0 

Technology

  49,868   10-15 

Total

 $101,650   13.0