Quarterly report [Sections 13 or 15(d)]

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.25.1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
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):
March 31, 2025 December 31, 2024
Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value		 Gross
Carrying
Amount		 Accumulated
Amortization 		Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 37,599  $ —  $ 37,599  $ 37,597  $ —  $ 37,597 
Intangible assets (1)
19,125  (13,758) 5,367  19,123  (13,199) 5,924 
$ 56,724  $ (13,758) $ 42,966  $ 56,720  $ (13,199) $ 43,521 
(1)Total weighted remaining average amortization period was 3.3 years and 3.5 years as of March 31, 2025 and December 31, 2024, 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):
Three Months Ended March 31, 2025
Beginning balance $ 37,597 
Additions from acquisitions — 
Impact of foreign currency translation 2 
Ending balance $ 37,599 
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):
March 31, 2025
Remainder of 2025 $ 1,556 
2026 1,387 
2027 1,214 
2028 1,210 
2029 — 
Thereafter — 
$ 5,367