Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 7 – Goodwill and Other Intangible Assets

Goodwill

Changes in the net carrying amount of goodwill were as follows:


	Total
Goodwill as of December 31, 2024	$	201,304
Foreign exchange impact		5,950
Goodwill as of September 30, 2025	$	207,254

Other Intangible Assets

Other intangible assets, net consist of the following components:


	As of
	September 30, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	216,697	$	(83,235	)	$	133,462
Technology and other intangibles		62,154		(38,177	)		23,977
Other intangible assets, net	$	278,851	$	(121,412	)	$	157,439


	As of
	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	210,354	$	(72,500	)	$	137,854
Technology and other intangibles		61,244		(35,216	)		26,028
Other intangible assets, net	$	271,598	$	(107,716	)	$	163,882

Amortization expense for the three months ended September 30, 2025 and September 30, 2024 was $4,054 and $3,738, respectively. Amortization expense for the nine months ended September 30, 2025 and September 30, 2024 was $12,129 and $9,371, respectively.

Remaining amortization expense for other intangible assets as of September 30, 2025 is as follows:


	Amortization expense
Remaining 2025	$	4,037
2026		16,128
2027		16,068
2028		16,033
2029		14,865
Thereafter		90,308
Total amortization expense	$	157,439