Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets

Schedule of goodwill

The following table represents the changes in the carrying value of goodwill as of March 31, 2026 and December 31, 2025 (in thousands):

	March 31,		December 31,
	2026		2025
Balance at beginning of period
Goodwill	$	126,532	$	124,701
Accumulated impairment losses		(104,132)		(104,132)
Subtotal		22,400		20,569
Activity during the period
Foreign currency adjustment		(263)		1,831
Balance at end of period
Goodwill		126,269		126,532
Accumulated impairment losses		(104,132)		(104,132)
Total	$	22,137	$	22,400

Schedule of intangible assets

The following table presents our intangible assets as of March 31, 2026 (in thousands):

									Weighted
							Net		Average
	Gross		Accumulated		Accumulated		Carrying		Amortization
	Amount		Amortization		Impairment		Amount		Period (years)
Non-compete agreement	$	390	$	390	$	—	$	—	—
Technology		48,960		18,408		—		30,552	7
Customer relationships		125,732		48,207		—		77,525	9
Trade name/trademark		791		264		(265)		262	8
Order backlog		2,600		2,600		—		—	—
Land use rights		2,252		329		—		1,923	32
Patents and trademarks		37,660		221		(8,980)		28,459	—
Total	$	218,385	$	70,419	$	(9,245)	$	138,721

The following table presents our intangible assets as of December 31, 2025 (in thousands):

									Weighted
							Net		Average
	Gross		Accumulated		Accumulated		Carrying		Amortization
	Amount		Amortization		Impairment		Amount		Period (years)
Non-compete agreement	$	390	$	390	$	—	$	—	—
Technology		45,363		17,407		—		27,956	7
Customer relationships		125,808		46,026		—		79,782	9
Trade name/trademark		791		256		(265)		270	8
Order backlog		2,600		2,600		—		—	—
Land use rights		2,226		310		—		1,916	32
Patents and trademarks		37,359		221		(8,980)		28,158	—
Total	$	214,537	$	67,210	$	(9,245)	$	138,082

Schedule of expected future amortization of intangible assets

Expected future amortization of intangible assets as of March 31, 2026 is as follows (in thousands):

Years Ending December 31,	Amount
2026 (excluding the three months ended March 31, 2026)	$	9,673
2027		12,887
2028		12,887
2029		12,774
2030		12,694
Thereafter		46,303
	$	107,218