Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2024

$

427,621

Business combinations (Rockerbox)

71,936

Foreign exchange impact

5,205

Goodwill at March 31, 2025

$

504,762

Schedule of intangible assets and related accumulated amortization

(in thousands)

March 31, 2025

    

December 31, 2024

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,733

$

(6,154)

$

5,579

$

11,732

$

(5,966)

$

5,766

Customer relationships

 

167,426

(80,676)

 

86,750

 

159,919

 

(76,961)

 

82,958

Developed technology

 

103,487

(73,951)

 

29,536

 

91,556

 

(69,924)

 

21,632

Total intangible assets

$

282,646

$

(160,781)

$

121,865

$

263,207

$

(152,851)

$

110,356

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2025 (for remaining nine months)

$

22,061

2026

25,237

2027

21,319

2028

18,160

2029

13,606

2030

6,888

Thereafter

 

14,594

Total

$

121,865

Schedule of weighted-average remaining useful life by major asset classes

    

(In years)

Trademarks and brands

 

8

Customer relationships

 

6

Developed technology

2