v3.25.1
INTANGIBLE ASSETS, NET (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets are as follows:
(in thousands)March 31, 2025December 31, 2024
Definite-lived intangible assets
Customer relationships$25,592 $25,462 
Unpatented technology3,728 3,703 
Patented technology2,150 1,912 
Tradename1,797 1,898 
All other4,369 4,369 
Gross value of definite-lived intangible assets37,636 37,344 
Customer relationships amortization(12,463)(11,717)
Unpatented technology amortization(1,206)(1,129)
Patented technology amortization(1,229)(1,158)
Tradename amortization(1,256)(1,224)
All other amortization(4,369)(4,370)
Accumulated amortization(20,523)(19,598)
Net definite-lived intangible assets $17,113 $17,746 
Indefinite-lived intangible assets
Trademarks and trade names$1,305 $1,305 
Total intangible assets, net$18,418 $19,051 
Schedule of Finite-Lived Intangible Assets
The following summarizes the changes in the carrying amount of intangible assets, net:
(in thousands)March 31, 2025
Balance at beginning of period $19,051 
Amortization expense(742)
Currency translation adjustments109 
Balance at end of the period$18,418 
Schedule of Indefinite-Lived Intangible Assets
The following summarizes the changes in the carrying amount of intangible assets, net:
(in thousands)March 31, 2025
Balance at beginning of period $19,051 
Amortization expense(742)
Currency translation adjustments109 
Balance at end of the period$18,418 
Schedule of Estimated Future Intangible Asset Amortization Expense
Estimated future intangible asset amortization expense as of March 31, 2025 is as follows:
(in thousands)Amortization Expense
Year ending December 31, 2025
2,022 
Year ending December 31, 2026
2,674 
Year ending December 31, 2027
2,674 
Year ending December 31, 2028
2,674 
Year ending December 31, 2029
2,660 
Thereafter4,409