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Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill at the dates indicated was as follows:
| At June 30, |  | At December 31,
(in thousands) | 2021 |  | 2020 |  | 2020
North America | $ | 96,393 |  |  | $ | 96,099 |  |  | $ | 96,311 |
Europe | 36,296 |  |  | 34,929 |  |  | 38,059 |
Asia/Pacific | 1,432 |  |  | 1,307 |  |  | 1,474 |
Total | $ | 134,121 |  |  | $ | 132,335 |  |  | $ | 135,844 |
Intangible assets, net, at the dates indicated were as follows:
| At June 30, 2021
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 41,003 |  |  | $ | (24,715) |  |  | $ | 16,288 |
Europe | 26,499 |  |  | (19,038) |  |  | 7,461 |
Total | $ | 67,502 |  |  | $ | (43,753) |  |  | $ | 23,749 |
| At June 30, 2020
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 33,755 |  |  | $ | (20,898) |  |  | $ | 12,857 |
Europe | 25,582 |  |  | (16,300) |  |  | 9,282 |
Total | $ | 59,337 |  |  | $ | (37,198) |  |  | $ | 22,139 |
| 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 $1.6 million for the three months ended June 30, 2021 and 2020, respectively, and was $3.4 million and $3.0 million for the six months ended June 30, 2021 and 2020, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 6.4 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at June 30, 2021. At June 30, 2021, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining six months of 2021 | $ | 3,157 |
2022 | 4,339 |
2023 | 3,514 |
2024 | 2,462 |
2025 | 2,233 |
2026 | 1,492 |
Thereafter | 5,936 |
| $ | 23,133 |
The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2021, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2020 | $ | 135,844 |  |  | $ | 26,800 |
Acquisitions | — |  |  | 218 |
Reclassifications | (106) |  |  | 348 |
Amortization | — |  |  | (3,426) |
Foreign exchange | (1,617) |  |  | (191) |
Balance at June 30, 2021 | $ | 134,121 |  |  | $ | 23,749 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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