Goodwill

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

6.Goodwill

The following table sets forth the carrying amount and activity of goodwill as of June 30, 2025:

	Amount
Balance as of the beginning of the period	$	266,368
Effect of exchange rate on goodwill		9,872
Balance as of the end of the period	$	276,240

During the six months ended June 30, 2025, the change in goodwill was related to a $9,872 increase in value due to the effect of exchange rates on goodwill.

The Company tests its goodwill for impairment annually as of the first day of its fourth fiscal quarter and in interim periods if certain events occur indicating the carrying value of goodwill may be impaired. There were no indicators of impairment noted during the three and six months ended June 30, 2025.