Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

	June 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	20,160	$	(4,805)	$	15,355
Customer backlog	5,100		(1,808)		3,292
Developed technology	11,109		(3,559)		7,550
In-process research and development	1,600		(608)		992
Tradenames	780		(63)		717
Total intangible assets, net	$	38,749	$	(10,843)	$	27,906

	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	19,090	$	(3,682)	$	15,408
Customer backlog	5,100		(1,374)		3,726
Developed technology	8,147		(2,839)		5,308
In-process research and development	890		(519)		371
Tradenames	300		(48)		252
Total intangible assets, net	$	33,527	$	(8,462)	$	25,065

Future Amortization Expense of Intangible Assets

The following table presents the future amortization expense of the Company’s intangible assets as of June 30, 2024 (in thousands):

Remainder of 2024	$	3,657
2025	6,744
2026	4,986
2027	3,543
2028	2,513
Thereafter	6,463
Total	$	27,906