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Note 4 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

4. GOODWILL AND INTANGIBLE ASSETS

The Company completed the acquisition of SecureWise LLC (“SecureWise”) on March 7, 2025. See Note 16, “Business Combination” for additional information related to the goodwill and intangible assets added from this acquisition.

The changes in goodwill were as follows (in thousands):

	*Year Ended December 31,*
	*2025*			*2024*
Balance at the beginning of year	$	14,953		$	15,029
Addition		81,686			—
Measurement period acquisition adjustment		(1,677	)		—
Foreign currency translation adjustment		44			(76	)
Balance at the end of year	$	95,005		$	14,953

Intangible assets were as follows (in thousands):

		*December 31, 2025*							*December 31, 2024*
	*Amortization*	*Gross*					*Net*		*Gross*					*Net*
	*Period*	*Carrying*		*Accumulated*			*Carrying*		*Carrying*		*Accumulated*			*Carrying*
	*(Years)*	*Amount*		*Amortization*			*Amount*		*Amount*		*Amortization*			*Amount*
Acquired intangible assets:
Customer relationships	1 - 13	$	38,404	$	(10,034	)	$	28,370	$	9,499	$	(7,866	)	$	1,633
Developed technology	4 - 9		46,215		(28,466	)		17,749		34,566		(24,601	)		9,965
Tradename and trademarks	2 - 10		8,198		(2,267	)		5,931		1,598		(1,120	)		478
Patent	6 - 10		2,100		(1,956	)		144		2,100		(1,869	)		231
Noncompetition agreements	3		848		(848	)		—		848		(848	)		—
Total		$	95,765	$	(43,571	)	$	52,194	$	48,611	$	(36,304	)	$	12,307

The weighted average amortization period for acquired identifiable intangible assets was 8.6 years as of December 31, 2025. The amortization expense related to intangible assets was as follows (in thousands):

	*Year Ended December 31,*
	*2025*		*2024*		*2023*
Amortization of acquired technology (included in costs of revenues)	$	3,671	$	2,335	$	2,266
Amortization of acquired intangible assets (presented separately under costs and expenses)		3,584		896		1,285
Total amortization expense	$	7,255	$	3,231	$	3,551

The estimated future amortization expense of acquired intangible assets were as follows (in thousands):

Year Ending December 31,	*Amount*
2026	$	8,098
2027		7,945
2028		7,640
2029		5,954
2030		4,511
2031 and thereafter		18,046
Total future amortization expense	$	52,194

There were no impairment charges for goodwill and intangible assets for the years ended December 31, 2025, 2024 and 2023.