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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS
| December 31, 2025 |  | Acquisitions |  | March 31, 2026
Goodwill | $ | 115,759 |  |  | $ | — |  |  | $ | 115,759 |
We believe significant synergies are expected to arise from our strategic acquisitions and their assembled work forces. This factor contributed to a purchase price that was in excess of the fair value of the net assets acquired and, as a result, we recorded goodwill for each acquisition. A portion of acquired goodwill will be amortizable for tax purposes. As of March 31, 2026, there has been no impairment of goodwill based on the qualitative assessments we have performed.
Gross Intangible Assets | December 31, 2025 |  | Acquisitions |  | March 31, 2026
Customer relationships | $ | 182,024 |  |  | $ | 6,212 |  |  | $ | 188,236 |
Developed technology | 19,501 |  | — |  |  | 19,501
Trade names | 880 |  | — |  |  | 880
Non-compete agreements | 1,032 |  | — |  |  | 1,032
Total | $ | 203,437 |  |  | $ | 6,212 |  |  | $ | 209,649 |
The gross carrying amount and accumulated amortization of our intangible assets are as follows for the periods presented below (in thousands, except weighted average periods):
|  | Weighted Average Amortization Period (in Years) |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets
March 31, 2026 |  |  |  |  |  |  |  |
Customer relationships |  | 8.4 |  | $ | 188,236 |  |  | $ | (106,311) |  |  | $ | 81,925 |
Developed technology |  | 6.6 |  | 19,501 |  |  | (12,712) |  |  | 6,789 |
Trade names |  | 4.3 |  | 880 |  |  | (880) |  |  | — |
Non-compete agreements |  | 5.2 |  | 1,032 |  |  | (958) |  |  | 74 |
|  | 8.2 |  | $ | 209,649 |  |  | $ | (120,861) |  |  | $ | 88,788 |
December 31, 2025 |  |  |  |  |  |  |  |
Customer relationships |  | 8.5 |  | $ | 182,024 |  |  | $ | (101,343) |  |  | $ | 80,681 |
Developed technology |  | 6.6 |  | 19,501 |  |  | (12,348) |  |  | 7,153 |
Trade names |  | 4.3 |  | 880 |  |  | (880) |  |  | — |
Non-compete agreements |  | 5.2 |  | 1,032 |  |  | (955) |  |  | 77 |
|  | 8.2 |  | $ | 203,437 |  |  | $ | (115,526) |  |  | $ | 87,911 |
We record amortization expenses using the straight-line method over the estimated useful lives of the intangible assets, as noted above. Amortization expenses recorded in Operating Expenses were $4,972 and $4,308 for the three months ended March 31, 2026 and 2025, respectively. Amortization expenses recorded in Cost of Sales were $364 and $50 for the three months ended March 31, 2026 and 2025, respectively. There was no impairment of intangibles during the three months ended March 31, 2026 based on the qualitative assessment we performed. However, if market, political and other conditions over which we have no control continue to affect the capital markets and our stock price declines, we may experience an impairment of our intangibles in future quarters. The following table summarizes the future estimated amortization expense relating to our intangible assets for the period presented below (in thousands):
2026 (Remaining) | $ | 14,031 |
2027 | 17,239 |
2028 | 15,794 |
2029 | 13,630 |
2030 | 10,000 |
2031 | 9,019 |
Thereafter | 9,075 |
| $ | 88,788 |

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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