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Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets, Net | 3. Intangible assets, net Intangible assets other than goodwill consist of the following:
|  |  |  | June 30, 2025 |  |  | December 31, 2024 |
(In thousands) |  | Amortization period |  | Gross amount |  |  | Accumulated amortization |  |  | Net |  |  | Gross amount |  |  | Accumulated amortization |  |  | Net |
Software developed for internal use |  | 5-10 years |  | $ | 79,737 |  |  | $ | (43,424 | ) |  | $ | 36,313 |  |  | $ | 74,409 |  |  | $ | (38,412 | ) |  | $ | 35,997 |
Acquired intangible assets |  | 10 years |  |  | 1,447 |  |  |  | (83 | ) |  |  | 1,364 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  |  | $ | 81,184 |  |  | $ | (43,507 | ) |  | $ | 37,677 |  |  | $ | 74,409 |  |  | $ | (38,412 | ) |  | $ | 35,997 |
The gross carrying amount of software developed for internal use includes capitalized costs related to the design, development, and testing of internal-use software. These costs primarily consist of eligible personnel-related expenses, share-based compensation, travel expenses, and other directly attributable costs incurred during the application development stage. The gross carrying amount of acquired intangible assets reflects the acquisition cost of certain data assets for which the Company has obtained perpetual usage rights. Amortization expenses of $2,595 and $2,322 for the three months ended June 30, 2025 and 2024, respectively, and $5,095 and $4,536 for the six months ended June 30, 2025 and 2024, respectively, were included in depreciation and amortization expense. As of June 30, 2025, intangible assets of $3,766, included in the gross carrying amounts of software developed for internal use, have not yet commenced amortization, as they are not ready for their intended use. The Company capitalized intangible asset costs of $2,784 and $2,847 during the three months ended June 30, 2025 and 2024, respectively, and $6,775 and $5,620 during the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, estimated amortization expense related to the Company’s intangible assets for the remainder of 2025 through 2030 and thereafter are as follows:
(In thousands) |  |  |
Year |  | June 30, 2025 |
Remainder of 2025 |  |  | 5,345 |
2026 |  |  | 9,807 |
2027 |  |  | 8,192 |
2028 |  |  | 5,759 |
2029 |  |  | 3,797 |
2030 and thereafter |  |  | 4,777 |
Total |  | $ | 37,677 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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