Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Value of Goodwill

The following table represents the change in the carrying value of goodwill for the three months ended March 31, 2025 (amounts in thousands):

Balance at December 31, 2024	$	1,030,995
908 Devices PAT Portfolio acquisition		50,134
Cumulative translation adjustment		1,284
Balance at March 31, 2025	$	1,082,413

Schedule of Intangible Assets

Intangible assets, net, consisted of the following at March 31, 2025:

	March 31, 2025
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	295,875	$	(65,433	)	$	230,442		16
Patents		240		(240	)		—		8
Customer relationships		275,017		(105,691	)		169,326		15
Trademarks		10,493		(2,429	)		8,064		18
Other intangibles		3,910		(3,217	)		693		3
Total finite-lived intangible assets		585,535		(177,010	)		408,525		15
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	586,235	$	(177,010	)	$	409,225

Intangible assets, net, consisted of the following at December 31, 2024:

	December 31, 2024
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	283,380	$	(60,272	)	$	223,108		16
Patents		240		(240	)		—		8
Customer relationships		267,599		(100,646	)		166,953		15
Trademarks		8,641		(2,283	)		6,358		19
Other intangibles		3,812		(3,034	)		778		3
Total finite-lived intangible assets		563,672		(166,475	)		397,197		15
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	564,372	$	(166,475	)	$	397,897

Schedule of Amortization Expense for Amortized Intangible Assets

As of March 31, 2025, the Company expects to record the following amortization expense in future periods (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2025 (remaining nine months)	$	28,265
2026		37,551
2027		37,189
2028		37,156
2029		36,976
2030 and thereafter		231,388
Total	$	408,525