Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

The change in the carrying amount of goodwill for the years ended December 31, 2024 and 2023, was as follows (in thousands):


Balance as of December 31, 2022	$	107,561


Foreign currency translation adjustments	299
Balance as of December 31, 2023	107,860


Foreign currency translation adjustments	(582)
Balance as of December 31, 2024	$	107,278

The goodwill balance related to PROS France is denominated in Euros and the goodwill balance related to PROS Travel Commerce, Inc. (formerly Vayant Travel Technologies, Inc.), Pros Travel Retail SAS (formerly Travelaer SAS) and EveryMundo is denominated in U.S. dollars.

Intangible assets consisted of the following as of December 31, (in thousands):


		December 31, 2024
	Weighted average useful life (years)	Gross Carrying Amount		Accumulated Amortization*		Net Carrying Amount
Developed technology	6	$	41,861	$	37,055	$	4,806

Maintenance relationships	8	3,327		3,327		—
Customer relationships	5	17,880		16,933		947
Trade name	8	2,100		809		1,291
Acquired technology	2	1,925		1,925		—
Total		$	67,093	$	60,049	$	7,044

*Cumulative foreign currency translation adjustments, reflecting movement in the currencies of the underlying entities, had an immaterial impact on intangible assets as of December 31, 2024.


		December 31, 2023
	Weighted average useful life (years)	Gross Carrying Amount		Accumulated Amortization*		Net Carrying Amount
Developed technology	6	$	42,394	$	34,314	$	8,080

Maintenance relationships	8	3,424		3,424		—
Customer relationships	5	17,926		15,881		2,045
Trade name	8	2,100		547		1,553
Acquired technology	2	1,925		1,925		—
Total		$	67,769	$	56,091	$	11,678

*Cumulative foreign currency translation adjustments, reflecting movement in the currencies of the underlying entities, had an immaterial impact on intangible assets as of December 31, 2023.

Intangible asset amortization expense for the years ended December 31, 2024, 2023 and 2022 was $4.6 million, $6.2 million and $9.8 million, respectively. As of December 31, 2024, the expected future amortization expense for the acquired intangible assets for each of the five succeeding years and thereafter was as follows (in thousands):


Year Ending December 31,	Amount
2025	$	3,736
2026	2,533
2027	263
2028	263
2029	249
Thereafter	—
Total amortization expense	$	7,044