Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings and leasehold improvements	3 - 40 years
Machinery and equipment	3 - 20 years
Furniture and fixtures	3 - 15 years

Amortization is computed using the straight-line method over the following estimated useful lives:

Intellectual property	6 - 30 years
Customer relationships	14 years

Our intangible assets consist of the following:

	December 31,
	2024		2023
Definite-lived intangible assets	(in thousands)
Intellectual property	$	12,450	$	12,450
Customer relationships	47,547		47,547
Capitalized internal-use software	22,265		3,323
Less:  Accumulated amortization	(18,573)		(9,838)
Total, net	63,689		53,482
Indefinite-lived intangible assets
Trademarks	14,571		14,571
Total intangible assets, net	$	78,260	$	68,053

Schedule of Amortization Expense

Amortization expense is as follows:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Amortization expense	$	8,735	$	5,331	$	3,599

The weighted-average amortization period for definite-lived intangible assets are as follow as of December 31, 2024:

	(in years)
Intellectual property	17.3
Customer relationships	10.9
Capitalized internal-use software	2.7
Definite-lived intangible assets	11.4

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Total future amortization expense for finite-lived intangible assets was estimated as follows:

	(in thousands)
2025	$	7,018
2026	5,403
2027	5,356
2028	4,891
2029	4,528
Thereafter	24,792
Total future amortization expense	51,988
Internal-use software projects in process	11,701
Total	$	63,689

Schedule of Goodwill

The changes in the carrying amount of goodwill were as follows:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Balance, beginning of period	$	81,892	$	81,892	$	85,727
Decreases due to acquisition adjustments	—		—		(3,835)
Balance, end of period	$	81,892	$	81,892	$	81,892