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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2025:

 

 

(In thousands)

 

Balance at December 31, 2024

 

$

236,706

 

Goodwill from the 2025 RFQ-hub Acquisition

 

 

46,961

 

Balance at September 30, 2025

 

$

283,667

 

 

 

 

 

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

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

 

(In thousands)

 

Customer relationships

 

$

155,525

 

 

$

(77,221

)

 

$

78,304

 

 

$

138,089

 

 

$

(64,698

)

 

$

73,391

 

Developed technology and other
   intangibles

 

 

58,730

 

 

 

(21,154

)

 

 

37,576

 

 

 

41,130

 

 

 

(16,443

)

 

 

24,687

 

Total

 

$

214,255

 

 

$

(98,375

)

 

$

115,880

 

 

$

179,219

 

 

$

(81,141

)

 

$

98,078