Goodwill and intangible assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets

Goodwill and intangible assets

Goodwill

(In thousands)	Goodwill
Goodwill as of December 31, 2024(1)	$	212,304
Less: Goodwill allocated to SAVSU in divestiture	(3,717)
Balance as of December 31, 2025	$	208,587

(1) As discussed in Note 3: Discontinued operations, the Company allocated a portion of its goodwill to SAVSU in accordance with ASC 350. The goodwill balance presented above as of December 31, 2024 represents the balance of the reporting unit before the effect of the divestiture. The goodwill presented in the Consolidated Balance Sheets as of December 31, 2025 and 2024 is on a continuing operations basis giving effect to the divestitures.

Intangible assets

Intangible assets, net consisted of the following as of December 31, 2025 and 2024:

(In thousands, except weighted average useful life)	December 31, 2025
Intangible assets:	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (in years)
Tradenames	$	2,794	$	(1,268)	$	1,526	5.9
Technology - acquired	7,822		(5,091)		2,731		2.9
Total intangible assets	$	10,616	$	(6,359)	$	4,257	3.7

	December 31, 2024
Intangible assets:	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (in years)
Tradenames	$	2,794	$	(1,004)	$	1,790	6.9
Technology - acquired	7,922		(4,147)		3,775		3.9
Total intangible assets	$	10,716	$	(5,151)	$	5,565	4.7

Amortization expense for finite-lived intangible assets was $1.3 million, $1.2 million, and $2.0 million for the years ended December 31, 2025, 2024, and 2023, respectively. As of December 31, 2025, the Company expects to record the following amortization expense:

(In thousands)
For the Years Ending December 31,	Estimated Amortization Expense
2026	$	1,206
2027	1,016
2028	742
2029	530
2030	411
Thereafter	352
Total	$	4,257