Identifiable Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

(in thousands)	September 30, 2025		December 31, 2024		Estimated Useful Life	Weighted-Average Amortization Period
Acquired developed technology	$	183,840	$	181,600	3 - 7 years	4.46 years
Internally developed software costs	46,915		42,353		3 years	2.07 years
Customer relationships	119,046		115,910		5 - 15 years	10.18 years
Trade names	3,210		3,210		2 - 8 years	6.81 years
Non-competition agreements	7,230		7,230		1 - 5 years	3.90 years
	360,241		350,303
Impact of currency translation on intangible assets	(790)		(5,557)
Less: accumulated amortization	(154,815)		(119,900)
	204,636		224,846
Internally developed software costs not meeting general release threshold	1,149		1,287
Trademarks, trade names (non-amortizable)	11,200		11,200		Indefinite
	$	216,985	$	237,333

Schedule of Amortization Expense

The following table summarizes amortization expense for acquired developed technology and internally developed software:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Amortization of acquired developed technology	$	6,366	$	5,660	$	18,926	$	14,628
Amortization of internally developed software	1,671		1,168		4,628		3,591
Amortization of identifiable intangible assets recorded in cost of sales	$	8,037	$	6,828	$	23,554	$	18,219
Amortization expense recorded in operating expenses	$	3,389	$	2,699	$	10,042	$	5,577
Impact of foreign currency translation on intangible assets	$	(341)	$	(484)	$	1,320	$	126

Schedule of Expected Future Amortization of Intangible Assets

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold is:

(in thousands)
2025, remaining	$	11,225
2026	43,509
2027	38,948
2028	26,751
2029	19,233
Thereafter	64,970
Total	$	204,636

Schedule of Goodwill

Goodwill carried is as follows:

(in thousands)	2025		2024
Beginning balance - January 1	$	887,459	$	488,918
Stuzo Acquisition	—		136,602
TASK Group Acquisition	—		181,442
Foreign currency translation	10,057		(3,878)
Delaget Acquisition ASC 805 measurement period adjustment	937		—
Ending balance - September 30	$	898,453	$	803,084