Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 12

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 51%. As the Company continues to control a majority stake in BlackLine K.K., the entity has been consolidated. All of the common stock held by the Investors is callable by the Company beginning September 3, 2025, or puttable by the Investors upon certain contingent events. Should the call or put option be exercised, the redemption value will be determined based upon a prescribed formula derived from the discrete revenues of BlackLine K.K. and the Company, and may be settled, at the Company’s discretion, with Company stock or cash. As a result of the put right available to the Investors in the future, the redeemable non-controlling interest in BlackLine K.K. is classified outside of permanent equity in the Company’s consolidated balance sheets, and the balance is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interest's share of earnings, or its estimated redemption value. The resulting changes in the estimated redemption amount are recorded within retained earnings or, in the absence of retained earnings, additional paid-in capital.Activity in the redeemable non-controlling interest was as follows (in thousands):Quarter Ended June 30,Six Months Ended June 30,2025202420252024Balance at beginning of period$35,818 $33,900 $36,483 $30,063 Net income attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest)660 524 1,057 962 Foreign currency translation83 (101)199 (205)Adjustment to redeemable non-controlling interest(1,561)(2,255)(2,739)1,248 Balance at end of period$35,000 $32,068 $35,000 $32,068 

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Note 5 – Intangible Assets and Goodwill

The carrying value of intangible assets was as follows (in thousands):June 30, 2025Gross Carrying AmountAccumulated AmortizationNet Carrying AmountTrade name$15,977 $(15,977)$— Developed technology137,718 (86,720)50,998 Customer relationships26,779 (26,052)727 Defensive patent2,333 (1,656)677 $182,807 $(130,405)$52,402 December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountTrade name$15,