Goodwill and Acquired Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

4. Goodwill and Acquired Intangible Assets

Goodwill is not amortized, but instead is reviewed for impairment at least annually or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The Company considers its business to be one reporting unit for purposes of performing its goodwill impairment analysis. To date, the Company has had no impairments to goodwill.

There were no changes to goodwill for the three months ended March 31, 2025.

Acquired intangible assets consisted of the following (in thousands):

			March 31, 2025
	Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Carrying Value
	(in years)
Customer relationships		9.0	$	6,600	$	(3,629	)	$	2,971
Developed technology		3.0		1,700		(1,700	)		—
			$	8,300	$	(5,329	)	$	2,971

			December 31, 2024
	Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Carrying Value
	(in years)
Customer relationships		9.0	$	6,600	$	(3,348	)	$	3,252
Developed technology		3.0		1,700		(1,700	)		—
			$	8,300	$	(5,048	)	$	3,252

Amortization expense is being recognized over the remaining useful life of the assets. Future amortization expense of the remaining intangible assets as of March 31, 2025 is expected to be as follows (in thousands):

Year Ending December 31,
2025 (remaining nine months)	$	845
2026		970
2027		970
2028		186
	$	2,971

On May 1, 2025, as part of the settlement of litigation, the customer relationships and developed technology intangible assets were sold to the former owners (see Notes 8 and 13).