Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4 – Goodwill and Other Intangible Assets

Goodwill allocated to the Company’s reportable operating segments follows:


(in thousands)	Americas		Asia		Total
Goodwill as of March 31, 2026 and December 31, 2025	$	154,014	$	38,102	$	192,116

A summary of the Company’s acquired identifiable intangible assets and capitalized purchased software costs follows:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,162	$	(82,778	)	$	17,384
Capitalized purchased software costs		43,529		(31,293	)		12,236
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(457	)		411
Total intangible assets as of March 31, 2026	$	167,859	$	(130,028	)	$	37,831


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,176	$	(81,603	)	$	18,573
Capitalized purchased software costs		42,105		(30,121	)		11,984
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(452	)		416
Total intangible assets as of December 31, 2025	$	166,449	$	(127,676	)	$	38,773

A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows:


	Three Months Ended March 31,
(in thousands)	2026		2025
Amortization of intangible assets	$	1,204	$	1,204
Amortization of capitalized purchased software costs		1,173		1,272
Amortization of debt costs		141		130
Total amortization expense	$	2,518	$	2,606

A summary of the future amortization expense related to the Company’s intangible assets held as of March 31, 2026 for each of the next five years follows (in thousands):


Year ending December 31,	Amortization Expense
Remaining 9 months of 2026	$	3,613
2027		4,817
2028		4,817
2029		4,218
2030		33