Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

Other Intangible Assets

The following table presents the detail of acquired intangible assets:

	March 31, 2025						December 31, 2024
	Gross Cost		Accumulated Amortization		Net Cost		Gross Cost		Accumulated Amortization		Net Cost
Customer relationships	$	100,300	$	(13,931)	$	86,369	$	100,300	$	(12,259)	$	88,041
Developed technology	77,000		(16,042)		60,958		77,000		(14,117)		62,883
Tradename	16,000		(3,333)		12,667		16,000		(2,933)		13,067
Backlog	7,000		(7,000)		—		7,000		(7,000)		—
Total	$	200,300	$	(40,306)	$	159,994	$	200,300	$	(36,309)	$	163,991

All intangible assets are amortized over their estimated useful lives. The weighted average amortization period for identifiable intangible assets acquired as of March 31, 2025 is 10.5 years. Amortization expense recognized during the three months ended March 31, 2025 was $4.0 million and was recorded in selling, general and administrative expenses in the consolidated statements of income. Estimated future amortization expense is as follows:

Remainder of 2025	$	11,990
2026	15,987
2027	15,987
2028	15,987
2029	15,987
2030	15,987
Thereafter	68,069
Total	$	159,994