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Goodwill and intangible assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets | Goodwill and intangible assets Goodwill
(In thousands) | Goodwill
Original acquired goodwill as of December 31, 2023(1) | $ | 224,741 |
Less: Goodwill allocated to SciSafe in divestiture | (11,333) |
Less: Goodwill allocated to CBS in divestiture | (1,104) |
Balance as of December 31, 2024 | $ | 212,304 |
(1) As discussed in Note 3: Discontinued operations, the Company allocated a portion of its goodwill to each disposed entity in accordance with ASC 350. The goodwill balance presented above as of December 31, 2023 represents the balance of the reporting unit before the effect of the divestitures. The goodwill presented in the Consolidated Balance Sheets as of December 31, 2024 and 2023 is on a continuing operations basis giving effect to the divestitures. Intangible assets Intangible assets, net consisted of the following as of December 31, 2024 and 2023:
(In thousands, except weighted average useful life) | December 31, 2024 |  |
Intangible assets: | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Useful Life (in years)
Customer relationships | $ | 2,516 |  |  | $ | (2,508) |  |  | $ | 8 |  |  | 0.6
Tradenames | 4,114 |  |  | (1,799) |  |  | 2,315 |  |  | 5.9
Technology - acquired | 18,672 |  |  | (11,436) |  |  | 7,236 |  |  | 3.1
Non-compete agreements | 90 |  |  | (90) |  |  | — |  |  | 0.0
Total intangible assets | $ | 25,392 |  |  | $ | (15,833) |  |  | $ | 9,559 |  |  | 3.3
| December 31, 2023 |  |
Intangible assets: | Gross Carrying Value |  | Accumulated Amortization(1) |  | Net Carrying Value |  | Weighted Average Useful Life (in years)
Customer relationships | $ | 2,516 |  |  | $ | (2,495) |  |  | $ | 21 |  |  | 1.6
Tradenames | 4,114 |  |  | (1,389) |  |  | 2,725 |  |  | 6.9
Technology - acquired | 18,372 |  |  | (9,122) |  |  | 9,250 |  |  | 4.1
Non-compete agreements | 90 |  |  | (90) |  |  | — |  |  | 0.0
Total intangible assets | $ | 25,092 |  |  | $ | (13,096) |  |  | $ | 11,996 |  |  | 4.3
Amortization expense for finite-lived intangible assets was $2.7 million, $3.5 million, and $4.0 million for the years ended December 31, 2024, 2023, and 2022, respectively. As of December 31, 2024, the Company expects to record the following amortization expense:
(In thousands) |
For the Years Ending December 31, | Estimated Amortization Expense
2025 | $ | 2,807 |
2026 | 2,692 |
2027 | 1,938 |
2028 | 828 |
2029 | 530 |
Thereafter | 764 |
Total | $ | 9,559 |

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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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