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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill, by segment | Goodwill consisted of the following:
| At June 30, |  | At December 31,
(in thousands) | 2022 |  | 2021 |  | 2021
North America | $ | 96,264 |  |  | $ | 96,393 |  |  | $ | 96,307 |
Europe | 394,761 |  |  | 36,296 |  |  | 36,331 |
Asia/Pacific | 1,313 |  |  | 1,432 |  |  | 1,384 |
Total | $ | 492,338 |  |  | $ | 134,121 |  |  | $ | 134,022 |
Schedule of net intangible assets, by segment | ntangible assets, net, consisted of the following:
| At June 30, 2022
| Gross |  | Accumulated |  | Net
| Carrying |  | Amortization |  | Carrying
(in thousands) | Amount |  | & FX change |  | Amount
North America | $ | 46,642 |  |  | $ | (28,063) |  |  | $ | 18,579 |
Europe | 364,241 |  |  | (25,122) |  |  | 339,119 |
Total | $ | 410,883 |  |  | $ | (53,185) |  |  | $ | 357,698 |
| At June 30, 2021
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 41,003 |  |  | $ | (24,715) |  |  | $ | 16,288 |
Europe | 26,499 |  |  | (19,038) |  |  | 7,461 |
Total | $ | 67,502 |  |  | $ | (43,753) |  |  | $ | 23,749 |
| At December 31, 2021
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 46,643 |  |  | $ | (26,346) |  |  | $ | 20,297 |
Europe | 26,371 |  |  | (20,399) |  |  | 5,972 |
Total | $ | 73,014 |  |  | $ | (46,745) |  |  | $ | 26,269 |
Schedule of estimated future amortization of intangible assets | At June 30, 2022, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining six months of 2022 | $ | 10,674 |
2023 | 20,290 |
2024 | 19,384 |
2025 | 19,078 |
2026 | 18,416 |
2027 | 18,286 |
Thereafter | 162,307 |
| $ | 268,435 |
Changes in the carrying amount of goodwill and intangible assets | The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2022, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2021 | $ | 134,022 |  |  | $ | 26,269 |
Acquisition of ETANCO | 376,908 |  |  | 358,761 |
Amortization | — |  |  | (6,440) |
Foreign exchange | (18,592) |  |  | (20,892) |
Balance at June 30, 2022 | $ | 492,338 |  |  | $ | 357,698 |

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