Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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 as of March 31, 2025	$	1,082,413
Measurement period adjustment - 908 Devices PAT Portfolio		(77	)
Measurement period adjustment - Tantti Laboratory Inc.		(162	)
Cumulative translation adjustment		31,835
Balance at June 30, 2025	$	1,114,009

Schedule of Intangible Assets

Intangible assets, net, consisted of the following at June 30, 2025:

	June 30, 2025
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	302,643	$	(71,686	)	$	230,957		15
Patents		240		(240	)		—		8
Customer relationships		277,150		(111,106	)		166,044		15
Trademarks		10,532		(2,619	)		7,913		18
Other intangibles		4,000		(3,401	)		599		3
Total finite-lived intangible assets		594,565		(189,052	)		405,513		15
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	595,265	$	(189,052	)	$	406,213

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 June 30, 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 six months)	$	19,903
2026		39,513
2027		39,476
2028		39,443
2029		39,333
2030 and thereafter		227,845
Total	$	405,513