Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite lives were $236.7 million as of each of March 31, 2025 and December 31, 2024. Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

	March 31, 2025							December 31, 2024
	Cost		Accumulated amortization			Net carrying amount		Cost		Accumulated amortization			Net carrying amount
	(In thousands)
Customer relationships	$	139,551	$	(68,612	)	$	70,939	$	138,089	$	(64,698	)	$	73,391
Technology and other intangibles		41,130		(17,639	)	$	23,491		41,130		(16,443	)	$	24,687
Total	$	180,681	$	(86,251	)	$	94,430	$	179,219	$	(81,141	)	$	98,078

Amortization expense associated with identifiable intangible assets was $4.4 million and $5.0 million for the three months ended March 31, 2025 and 2024, respectively. Annual estimated total amortization expense is $16.9 million, $15.2 million, $13.8 million, $12.3 million and $11.3 million for the years ended December 31, 2025 through 2029, respectively.