Goodwill and Other Intangible Assets (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Intangible Asset, Goodwill and Other [Abstract] |
|
| Goodwill |
The changes in the net carrying amount of goodwill for the six months ended June 30, 2026 are as follows:
| | | | | | | Balance as of December 31, 2025 | $ | 807,011 | | | | | | | | | Write-off related to sale of a business | (9,778) | | | | | Foreign currency translation | (331) | | | | | Balance as of June 30, 2026 | $ | 796,902 | |
|
| Intangible Asset, Finite-Lived |
Other intangible assets consist of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Weighted Average Amortization Period (Years) | Gross
Carrying
Amount | | Accumulated
Amortization | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible assets with definite lives: | 22 | | | | | | | | | | | | | | | | | | Customer and distributor relationships | 24 | $ | 365,103 | | | $ | (224,933) | | | $ | 370,068 | | | $ | (221,904) | | | | | | | | | | | | Sales representation, marketing and promotional rights | 25 | 149,376 | | | (87,000) | | | 149,376 | | | (84,000) | | | | | | | | | | | | Developed technology | 18 | 317,904 | | | (70,781) | | | 317,904 | | | (65,281) | | | | | | | | | | | | Patents and other intangible assets | 15 | 85,153 | | | (56,550) | | | 87,029 | | | (57,685) | | | | | | | | | | | | Intangible assets with indefinite lives: | | | | | | | | | | | | | | | | | | | Trademarks and tradenames | | 86,144 | | | — | | | 86,544 | | | — | | | | | | | | | | | | | $ | 1,003,680 | | | $ | (439,264) | | | $ | 1,010,921 | | | $ | (428,870) | |
|
| Intangible Asset, Indefinite-Lived |
Other intangible assets consist of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Weighted Average Amortization Period (Years) | Gross
Carrying
Amount | | Accumulated
Amortization | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible assets with definite lives: | 22 | | | | | | | | | | | | | | | | | | Customer and distributor relationships | 24 | $ | 365,103 | | | $ | (224,933) | | | $ | 370,068 | | | $ | (221,904) | | | | | | | | | | | | Sales representation, marketing and promotional rights | 25 | 149,376 | | | (87,000) | | | 149,376 | | | (84,000) | | | | | | | | | | | | Developed technology | 18 | 317,904 | | | (70,781) | | | 317,904 | | | (65,281) | | | | | | | | | | | | Patents and other intangible assets | 15 | 85,153 | | | (56,550) | | | 87,029 | | | (57,685) | | | | | | | | | | | | Intangible assets with indefinite lives: | | | | | | | | | | | | | | | | | | | Trademarks and tradenames | | 86,144 | | | — | | | 86,544 | | | — | | | | | | | | | | | | | $ | 1,003,680 | | | $ | (439,264) | | | $ | 1,010,921 | | | $ | (428,870) | |
|
| Schedule of Estimated Amortization Expense |
The estimated intangible asset amortization expense remaining for the year ending December 31, 2026 and for each of the five succeeding years is as follows: | | | | | | | | | | | | | | | | | | | Amortization included in expense | | Amortization recorded as a reduction of revenue | | Total | Remaining, 2026 | $ | 14,664 | | | $ | 3,000 | | | $ | 17,664 | | | 2027 | 30,374 | | | 6,000 | | | 36,374 | | | 2028 | 33,829 | | | 6,000 | | | 39,829 | | | 2029 | 33,023 | | | 6,000 | | | 39,023 | | | 2030 | 34,505 | | | 6,000 | | | 40,505 | | | 2031 | 35,935 | | | 6,000 | | | 41,935 | |
|