Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill at the dates indicated was as follows:


	At March 31,				At December 31,
(in thousands)	2021		2020		2020
North America	$	96,340	$	95,988	$	96,311
Europe	35,684		34,445		38,059
Asia/Pacific	1,453		1,166		1,474
Total	$	133,477	$	131,599	$	135,844

Intangible assets, net, at the dates indicated were as follows:


	At March 31, 2021
	Gross				Net
	Carrying		Accumulated		Carrying
(in thousands)	Amount		Amortization		Amount
North America	$	40,785	$	(23,724)	$	17,061
Europe	26,347		(18,349)		7,998
Total	$	67,132	$	(42,073)	$	25,059


	At March 31, 2020
	Gross				Net
(in thousands)	Carrying Amount		Accumulated Amortization		Carrying Amount
North America	$	33,755	$	(20,039)	$	13,716
Europe	25,410		(15,672)		9,738
Total	$	59,165	$	(35,711)	$	23,454


	At December 31, 2020
	Gross				Net
(in thousands)	Carrying Amount		Accumulated Amortization		Carrying Amount
North America	$	40,786	$	(22,697)	$	18,089
Europe	26,341		(17,630)		8,711
Total	$	67,127	$	(40,327)	$	26,800

Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.7 million and $1.5 million for the three months ended March 31, 2021 and 2020, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 6.3 years.

The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at March 31, 2021.

At March 31, 2021, the estimated future amortization of definite-lived intangible assets was as follows:


(in thousands)

Remaining nine months of 2021	$	4,619
2022	4,223
2023	3,390
2024	2,343
2025	2,086
2026	1,483
Thereafter	6,300
	$	24,444

The changes in the carrying amount of goodwill and intangible assets for the three months ended March 31, 2021, were as follows:


			Intangible
(in thousands)	Goodwill		Assets
Balance at December 31, 2020	$	135,844	$	26,800

Reclassifications	(106)		348
Amortization	—		(1,746)
Foreign exchange	(2,261)		(343)
Balance at March 31, 2021	$	133,477	$	25,059