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Goodwill and Other Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of Goodwill

A reconciliation of the beginning and ending amounts of goodwill by operating segment for the periods ended September 30, 2025 and December 31, 2024 is as follows:

 

 

Nine Months Ended
September 30, 2025

 

 

Twelve Months Ended
December 31, 2024

 

 

(in thousands)

 

IT Staffing Services:

 

 

 

 

 

 

Beginning balance

 

$

8,427

 

 

$

8,427

 

Goodwill recorded

 

—

 

 

—

 

Impairment

 

—

 

 

—

 

Ending Balance

 

$

8,427

 

 

$

8,427

 

 

 

Nine Months Ended
September 30, 2025

 

 

Twelve Months Ended
December 31, 2024

 

 

(in thousands)

 

Data and Analytics Services:

 

 

 

 

 

 

Beginning balance

 

$

18,783

 

 

$

18,783

 

Goodwill recorded

 

—

 

 

—

 

Impairment

 

—

 

 

 

—

 

Ending Balance

 

$

18,783

 

 

$

18,783

 
Components of Identifiable Intangible assets

The Company is amortizing the identifiable intangible assets on a straight-line basis over estimated average lives ranging from 3 to 12 years. Identifiable intangible assets were comprised of the following as of September 30, 2025 and December 31, 2024:

 

 

As of September 30, 2025

 

(Amounts in thousands)

 

Amortization
Period (In Years)

 

 

Gross Carrying
Value

 

 

Accumulative
Amortization

 

 

Net Carrying
Value

 

IT Staffing Services:

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

 

12

 

 

$

7,999

 

 

$

6,861

 

 

$

1,138

 

Covenant-not-to-compete

 

 

5

 

 

 

319

 

 

 

319

 

 

 

—

 

Trade name

 

 

3

 

 

 

249

 

 

 

249

 

 

 

—

 

Data and Analytics Services:

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

 

12

 

 

 

19,641

 

 

 

12,639

 

 

 

7,002

 

Covenant-not-to-compete

 

 

5

 

 

 

1,201

 

 

 

1,201

 

 

 

—

 

Trade name

 

 

5

 

 

 

1,711

 

 

 

1,711

 

 

 

—

 

Technology

 

 

7

 

 

 

1,979

 

 

 

1,760

 

 

 

219

 

Total Intangible Assets

 

 

 

 

$

33,099

 

 

$

24,740

 

 

$

8,359

 

 

 

As of December 31, 2024

 

(Amounts in thousands)

 

Amortization
Period (In Years)

 

 

Gross Carrying
Value

 

 

Accumulative
Amortization

 

 

Net Carrying
Value

 

IT Staffing Services:

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

 

12

 

 

$

7,999

 

 

$

6,361

 

 

$

1,638

 

Covenant-not-to-compete

 

 

5

 

 

 

319

 

 

 

319

 

 

 

0

 

Trade name

 

 

3

 

 

 

249

 

 

 

249

 

 

 

0

 

Data and Analytics Services:

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

 

12

 

 

 

19,641

 

 

 

11,413

 

 

 

8,228

 

Covenant-not-to-compete

 

 

5

 

 

 

1,201

 

 

 

1,135

 

 

 

66

 

Trade name

 

 

5

 

 

 

1,711

 

 

 

1,637

 

 

 

74

 

Technology

 

 

7

 

 

 

1,979

 

 

 

1,677

 

 

 

302

 

Total Intangible Assets

 

 

 

 

$

33,099

 

 

$

22,791

 

 

$

10,308

 
Schedule of Estimated Amortization Expense

The estimated aggregate amortization expense for intangible assets for the years ending December 31, 2025 through 2029 is as follows:

 

 

Years Ended December 31,

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

(Amounts in thousands)

 

Amortization expense

 

$

2,553

 

 

$

2,413

 

 

$

2,025

 

 

$

1,637

 

 

$

1,000