Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.25.0.1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
December 31, 2024 December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 37,597  $ —  $ 37,597  $ 38,046  $ —  $ 38,046 
Intangible assets (1)
19,123  (13,199) 5,924  31,022  (17,885) 13,137 
$ 56,720  $ (13,199) $ 43,521  $ 69,068  $ (17,885) $ 51,183 
(1)Total weighted remaining average amortization period was 3.5 years and 3.8 years as of December 31, 2024 and 2023, respectively. Intangible assets principally include non-compete agreements and customer relationships.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
Years Ended December 31,
2024 2023
Beginning balance $ 38,046  $ 37,914 
Impact of foreign currency translation (449) 132 
Ending balance $ 37,597  $ 38,046 
Schedule of Estimated Amortization Expense for Intangible Assets
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
Years Ended December 31,
2025 $ 2,113 
2026 1,387 
2027 1,214 
2028 1,210 
$ 5,924