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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets as of March 31, 2026 and December 31, 2025, consisted of the following:

 

 

 

 

As of March 31, 2026

 

 

As of December 31, 2025

 

(In thousands excluding years)

Weighted Average Useful Life
(in years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

Customer relationships

 

11.0

 

 

$

55,540

 

 

$

(26,231

)

 

$

29,309

 

 

$

56,244

 

 

$

(25,306

)

 

$

30,938

 

Backlog

 

1.7

 

 

 

60,077

 

 

 

(60,077

)

 

 

 

 

 

61,081

 

 

 

(61,081

)

 

 

 

Developed technology

 

7.4

 

 

 

431,208

 

 

 

(180,675

)

 

 

250,533

 

 

 

429,329

 

 

 

(168,073

)

 

 

261,256

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(5,272

)

 

 

628

 

 

 

5,900

 

 

 

(5,108

)

 

 

792

 

Licensed agreements

 

8.5

 

 

 

560

 

 

 

(456

)

 

 

104

 

 

 

560

 

 

 

(446

)

 

 

114

 

Trade names

 

2.8

 

 

 

31,078

 

 

 

(30,372

)

 

 

706

 

 

 

31,598

 

 

 

(30,651

)

 

 

947

 

     Total

 

 

 

$

584,363

 

 

$

(303,083

)

 

$

281,280

 

 

$

584,712

 

 

$

(290,665

)

 

$

294,047

 

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense of intangible assets is as follows:

 

 

As of

 

(In thousands)

 

March 31, 2026

 

2026

 

$

52,238

 

2027

 

 

64,630

 

2028

 

 

55,854

 

2029

 

 

47,215

 

2030

 

 

44,627

 

Thereafter

 

 

16,716

 

     Total

 

$

281,280