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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill and Intangible Assets with Indefinite Lives The following is a summary of changes in goodwill and intangible assets with indefinite lives for the six months ended June 30, 2025:

 

 

(In thousands)

 

Balance at December 31, 2024

 

$

236,706

 

Goodwill from the 2025 RFQ-hub Acquisition

 

 

49,314

 

Balance at June 30, 2025

 

$

286,020

 

 

 

 

 

Summary of Company's Intangible Assets Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

 

(In thousands)

 

Customer relationships

 

$

155,525

 

 

$

(73,688

)

 

$

81,836

 

 

$

138,089

 

 

$

(64,698

)

 

$

73,391

 

Developed technology and other
   intangibles

 

 

58,730

 

 

 

(19,170

)

 

$

39,560

 

 

 

41,130

 

 

 

(16,443

)

 

$

24,687

 

Total

 

$

214,255

 

 

$

(92,858

)

 

$

121,397

 

 

$

179,219

 

 

$

(81,141

)

 

$

98,078