Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

	September 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	20,127	$	(5,534)	$	14,593
Customer backlog	5,100		(2,025)		3,075
Developed technology	10,986		(4,313)		6,673
In-process research and development	1,540		(671)		869
Tradenames	780		(150)		630
Total intangible assets, net	$	38,533	$	(12,693)	$	25,840

	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 September 30, 2024 (in thousands):

Remainder of 2024	$	1,737
2025	6,744
2026	4,986
2027	3,543
2028	2,513
Thereafter	6,317
Total	$	25,840