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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill, by segment | Goodwill consisted of the following:
| As of June 30, |  | As of December 31,
(in thousands) | 2023 |  | 2022 |  | 2022
North America | $ | 103,630 |  |  | $ | 96,264 |  |  | $ | 103,572 |
Europe | 390,172 |  |  | 394,761 |  |  | 390,799 |
Asia/Pacific | 1,263 |  |  | 1,313 |  |  | 1,301 |
Total | $ | 495,065 |  |  | $ | 492,338 |  |  | $ | 495,672 |
Schedule of net intangible assets, by segment | ntangible assets, net, consisted of the following:
| As of June 30, 2023
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 63,269 |  |  | $ | (31,765) |  |  | $ | 31,504 |
Europe | 377,866 |  |  | (43,748) |  |  | 334,118 |
Asia/Pacific | 4,224 |  |  | (197) |  |  | 4,027 |
Total | $ | 445,359 |  |  | $ | (75,710) |  |  | $ | 369,649 |
| As of June 30, 2022
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 46,642 |  |  | $ | (28,063) |  |  | $ | 18,579 |
Europe | 364,241 |  |  | (25,122) |  |  | 339,119 |
Total | $ | 410,883 |  |  | $ | (53,185) |  |  | $ | 357,698 |
| As of December 31, 2022
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 53,498 |  |  | $ | (29,782) |  |  | $ | 23,716 |
Europe | 373,538 |  |  | (34,337) |  |  | 339,201 |
Total | $ | 427,036 |  |  | $ | (64,119) |  |  | $ | 362,917 |
Schedule of estimated future amortization of intangible assets | At June 30, 2023, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining six months of 2023 | $ | 11,225 |
2024 | 22,294 |
2025 | 22,069 |
2026 | 21,492 |
2027 | 21,298 |
2028 | 21,077 |
Thereafter | 157,380 |
| $ | 276,835 |
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, 2023, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2022 | $ | 495,672 |  |  | $ | 362,917 |
Acquisition | — |  |  | 13,996 |
Disposal | (5,678) |  |  | — |
Reclassifications | — |  |  | 46 |
Amortization | — |  |  | (11,638) |
Foreign exchange | 5,071 |  |  | 4,328 |
Balance at June 30, 2023 | $ | 495,065 |  |  | $ | 369,649 |

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