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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets |
Schedule of goodwill | The following table represents the changes in the carrying value of goodwill as of June 30, 2025 and December 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | 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 | ​ | ​ | (1,856) | ​ | ​ | (1,257)
Goodwill impairment charge | ​ | ​ | — | ​ | ​ | (54,563)
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at end of period | ​ | ​ | ​ | ​ | ​ | ​
Goodwill | ​ | ​ | 122,845 | ​ | ​ | 124,701
Accumulated impairment losses | ​ | ​ | (104,132) | ​ | ​ | (104,132)
Total | ​ | $ | 18,713 | ​ | $ | 20,569
Schedule of intangible assets | The following table presents our intangible assets as of June 30, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Impairment |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 390 | ​ | $ | — | ​ | $ | — |  | —
Technology | ​ | ​ | 44,763 | ​ | ​ | 15,157 | ​ | ​ | — | ​ | ​ | 29,606 | ​ | 7
Customer relationships | ​ | ​ | 125,803 | ​ | ​ | 41,624 | ​ | ​ | — | ​ | ​ | 84,179 | ​ | 10
Trade name/trademark | ​ | ​ | 791 | ​ | ​ | 240 | ​ | ​ | (265) | ​ | ​ | 286 | ​ | 9
Agent network | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | —
Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | ​ | — | ​ | —
Land use rights | ​ | ​ | 2,171 | ​ | ​ | 274 | ​ | ​ | — | ​ | ​ | 1,897 | ​ | 33
Patents and trademarks | ​ | ​ | 36,823 | ​ | ​ | 221 | ​ | ​ | (8,980) | ​ | ​ | 27,622 | ​ | —
Total | ​ | $ | 213,341 | ​ | $ | 60,506 | ​ | $ | (9,245) | ​ | $ | 143,590 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ 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 | ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
2025 (excluding the six months ended June 30, 2025) | ​ | $ | 6,362
2026 | ​ |  | 12,716
2027 | ​ |  | 12,693
2028 | ​ |  | 12,612
2029 | ​ |  | 12,401
Thereafter | ​ |  | 56,662
​ | ​ | $ | 113,446

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