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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets | A summary of intangible assets as of December 31, 2024 and 2023 is as follows.
|  | December 31, 2024 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 145,966 |  |  | $ | (46,693 | ) |  | $ | 99,273 |
Non-compete agreements |  |  | 500 |  |  |  | (393 | ) |  |  | 107 |
Trade names |  |  | 18,280 |  |  |  | (9,297 | ) |  |  | 8,983 |
Technology, patents and other |  |  | 26,133 |  |  |  | (26,133 | ) |  |  | — |
Total |  | $ | 190,879 |  |  | $ | (82,516 | ) |  | $ | 108,363 |
|  | December 31, 2023 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 78,166 |  |  | $ | (38,511 | ) |  | $ | 39,655 |
Non-compete agreements |  |  | 500 |  |  |  | (321 | ) |  |  | 179 |
Trade names |  |  | 10,980 |  |  |  | (9,006 | ) |  |  | 1,974 |
Technology, patents and other |  |  | 26,133 |  |  |  | (26,133 | ) |  |  | — |
Total |  | $ | 115,779 |  |  | $ | (73,971 | ) |  | $ | 41,808 |
Schedule of Estimated Future Amortization Expenses | See below for estimated future amortization expenses:
Year |  | (in thousands) |
2025 |  | $ | 14,423 |
2026 |  |  | 12,932 |
2027 |  |  | 11,363 |
2028 |  |  | 11,363 |
2029 |  |  | 10,292 |
Thereafter |  |  | 47,990 |
Schedule of Goodwill | The following table presents a roll-forward of goodwill for the years ended December 31, 2024 and 2023:
(in thousands) |  | Goodwill, Gross |  |  | Accumulated Impairment |  |  | Goodwill, Net |
Balance at December 31, 2022 |  | $ | 94,436 |  |  | $ | (70,504 | ) |  | $ | 23,932 |
Additions |  |  | — |  |  |  | — |  |  |  | — |
Balance at December 31, 2023 |  | $ | 94,436 |  |  | $ | (70,504 | ) |  | $ | 23,932 |
Additions - DWS Acquisition |  |  | 36,244 |  |  |  | — |  |  |  | 36,244 |
Balance at December 31, 2024 |  | $ | 130,680 |  |  | $ | (70,504 | ) |  | $ | 60,176 |

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