v3.26.1
Identifiable Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Identifiable Intangible Assets and Goodwill Identifiable Intangible Assets and Goodwill
The components of identifiable intangible assets are:
(in thousands)June 30, 2026December 31, 2025Estimated
Useful Life		Weighted-Average Amortization Period
Acquired developed technology $199,635 $183,840 
3 - 7 years
4.41 years
Capitalized software development costs46,439 43,233 3 years2.10 years
Customer relationships128,033 119,046 
5 - 15 years
9.39 years
Trade names3,210 3,210 
2 - 8 years
6.06 years
Non-competition agreements7,230 7,230 
1 - 5 years
3.16 years
384,547 356,559 
Impact of currency translation on intangible assets(2,255)(983)
Less: accumulated amortization(186,673)(164,471)
195,619 191,105 
Capitalized software development in progress3,504 1,065 
Trademarks, trade names (non-amortizable)5,800 11,200 Indefinite
$204,923 $203,370 

Capitalized software development costs placed into service during the three months ended June 30, 2026 and 2025 were $2.6 million and $0.3 million, respectively, and $3.2 million and $2.1 million during the six months ended June 30, 2026 and 2025, respectively.

The following table summarizes amortization expense for identifiable intangible assets:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Amortization of acquired developed technology$6,941 $6,351 $13,377 $12,560 
Amortization of capitalized software development costs1,069 1,527 2,115 2,957 
Amortization of identifiable intangible assets recorded in cost of sales$8,010 $7,878 $15,492 $15,517 
Amortization expense recorded in operating expenses$3,725 $3,394 $7,156 $6,653 
Impact of foreign currency translation on intangible assets$(276)$929 $(445)$1,662 

The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding capitalized software development in progress, is as follows:

(in thousands)
2026, remaining$23,100 
202742,400 
202831,304 
202922,984 
203020,164 
Thereafter55,667 
Total$195,619 
The following table summarizes changes in the carrying balance of goodwill:

(in thousands)20262025
Beginning balance - January 1$898,035 $887,459 
Delaget Acquisition ASC 805 measurement period adjustment— 1,247 
Foreign currency translation(2,922)17,655 
Ending balance - June 30$895,113 $906,361