XML 45 R34.htm IDEA: XBRL DOCUMENT v3.25.2

Goodwill and Intangible Assets (Tables)

6 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration