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v3.25.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets |
Schedule of goodwill | The following table represents the changes in the carrying value of goodwill as of March 31, 2025 and December 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2025 |  | 2024
Balance at beginning of period | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | $ | 124,701 | ​ | $ | 125,958
Accumulated impairment losses | ​ | ​ | (104,132) | ​ | ​ | (49,569)
Subtotal | ​ | ​ | 20,569 | ​ | ​ | 76,389
​ | ​ | ​ | ​ | ​ | ​ | ​
Activity during the period | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency adjustment | ​ | ​ | 391 | ​ | ​ | (1,257)
Goodwill impairment charge | ​ | ​ | — | ​ | ​ | (54,563)
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at end of period | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | ​ | 125,092 | ​ | ​ | 124,701
Accumulated impairment losses | ​ | ​ | (104,132) | ​ | ​ | (104,132)
Total | ​ | $ | 20,960 | ​ | $ | 20,569
Schedule of intangible assets | The following table presents our intangible assets as of March 31, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Impairment |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 390 | ​ | $ | — | ​ | $ | — |  | —
Technology | ​ | ​ | 43,977 | ​ | ​ | 14,186 | ​ | ​ | — | ​ | ​ | 29,791 | ​ | 8
Customer relationships | ​ | ​ | 125,548 | ​ | ​ | 39,384 | ​ | ​ | — | ​ | ​ | 86,164 | ​ | 10
Trade name/trademark | ​ | ​ | 791 | ​ | ​ | 232 | ​ | ​ | (265) | ​ | ​ | 294 | ​ | 9
Agent network | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | —
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,142 | ​ | ​ | 256 | ​ | ​ | — | ​ | ​ | 1,886 | ​ | 33
Patents and trademarks | ​ | ​ | 36,480 | ​ | ​ | 221 | ​ | ​ | (8,980) | ​ | ​ | 27,279 | ​ | —
Total | ​ | $ | 211,928 | ​ | $ | 57,269 | ​ | $ | (9,245) | ​ | $ | 145,414 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The following table presents our intangible assets as of December 31, 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Impairment |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 390 | ​ | $ | — | ​ | $ | — |  | —
Technology | ​ | ​ | 43,796 | ​ | ​ | 13,248 | ​ | ​ | — | ​ | ​ | 30,548 | ​ | 8
Customer relationships | ​ | ​ | 125,434 | ​ | ​ | 37,172 | ​ | ​ | — | ​ | ​ | 88,262 | ​ | 10
Trade name/trademark | ​ | ​ | 791 | ​ | ​ | 224 | ​ | ​ | (265) | ​ | ​ | 302 | ​ | 9
Agent network | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | —
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,131 | ​ | ​ | 240 | ​ | ​ | — | ​ | ​ | 1,891 | ​ | 33
Patents and trademarks | ​ | ​ | 36,125 | ​ | ​ | 221 | ​ | ​ | (8,980) | ​ | ​ | 26,924 |  | —
Total | ​ | $ | 211,267 | ​ | $ | 54,095 | ​ | $ | (9,245) | ​ | $ | 147,927 | ​ | ​
Schedule of expected future amortization of intangible assets | Expected future amortization of intangible assets as of March 31, 2025 is as follows: ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
2025 (excluding the three months ended March 31, 2025) | ​ | $ | 9,445
2026 | ​ |  | 12,590
2027 | ​ |  | 12,568
2028 | ​ |  | 12,498
2029 | ​ |  | 12,347
Thereafter | ​ |  | 56,527
​ | ​ | $ | 115,975
​

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