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Goodwill and intangible assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | Intangible assets, net consisted of the following as of June 30, 2024 and December 31, 2023:
(In thousands, except weighted average useful life) | June 30, 2024 |  |
Intangible assets: | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Useful Life (in years)
Customer relationships | $ | 9,936 |  |  | $ | (4,489) |  |  | $ | 5,447 |  |  | 10.2
Tradenames | 8,134 |  |  | (2,387) |  |  | 5,747 |  |  | 10.8
Technology - acquired | 18,372 |  |  | (10,282) |  |  | 8,090 |  |  | 3.6
Non-compete agreements | 750 |  |  | (709) |  |  | 41 |  |  | 0.3
Total intangible assets | $ | 37,192 |  |  | $ | (17,867) |  |  | $ | 19,325 |  |  | 6.8
(In thousands, except weighted average useful life) | December 31, 2023 |  |
Intangible assets: | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Useful Life (in years)
Customer relationships | $ | 9,936 |  |  | $ | (4,217) |  |  | $ | 5,719 |  |  | 10.7
Tradenames | 8,134 |  |  | (2,077) |  |  | 6,057 |  |  | 11.3
Technology - acquired | 18,372 |  |  | (9,123) |  |  | 9,249 |  |  | 4.1
Non-compete agreements | 750 |  |  | (626) |  |  | 124 |  |  | 0.8
Total intangible assets | $ | 37,192 |  |  | $ | (16,043) |  |  | $ | 21,149 |  |  | 7.3
Schedule of Amortization Expense for Finite-Lived Intangible Assets | As of June 30, 2024, the Company expects to record the following amortization expense for definite-lived intangible assets:
(In thousands) | Amortization Expense
For the Years Ending December 31,
2024 (6 months remaining) | $ | 1,778 |
2025 | 3,468 |
2026 | 3,358 |
2027 | 2,605 |
2028 | 1,500 |
Thereafter | 6,616 |
Total | $ | 19,325 |

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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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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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