Identifiable Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Components of Identifiable Intangible Assets

The components of identifiable intangible assets are:

(in thousands)	June 30, 2026		December 31, 2025		Estimated Useful Life	Weighted-Average Amortization Period
Acquired developed technology	$	199,635	$	183,840	3 - 7 years	4.41 years
Capitalized software development costs	46,439		43,233		3 years	2.10 years
Customer relationships	128,033		119,046		5 - 15 years	9.39 years
Trade names	3,210		3,210		2 - 8 years	6.06 years
Non-competition agreements	7,230		7,230		1 - 5 years	3.16 years
	384,547		356,559
Impact of currency translation on intangible assets	(2,255)		(983)
Less: accumulated amortization	(186,673)		(164,471)
	195,619		191,105
Capitalized software development in progress	3,504		1,065
Trademarks, trade names (non-amortizable)	5,800		11,200		Indefinite
	$	204,923	$	203,370

Schedule of Amortization Expense

The following table summarizes amortization expense for identifiable intangible assets:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Amortization of acquired developed technology	$	6,941	$	6,351	$	13,377	$	12,560
Amortization of capitalized software development costs	1,069		1,527		2,115		2,957
Amortization of identifiable intangible assets recorded in cost of sales	$	8,010	$	7,878	$	15,492	$	15,517
Amortization expense recorded in operating expenses	$	3,725	$	3,394	$	7,156	$	6,653
Impact of foreign currency translation on intangible assets	$	(276)	$	929	$	(445)	$	1,662

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 capitalized software development in progress, is as follows:

(in thousands)
2026, remaining	$	23,100
2027	42,400
2028	31,304
2029	22,984
2030	20,164
Thereafter	55,667
Total	$	195,619

Goodwill

The following table summarizes changes in the carrying balance of goodwill:

(in thousands)	2026		2025
Beginning balance - January 1	$	898,035	$	887,459
Delaget Acquisition ASC 805 measurement period adjustment	—		1,247
Foreign currency translation	(2,922)		17,655
Ending balance - June 30	$	895,113	$	906,361