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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of changes in the carrying amount of goodwill, by segment
The annual changes in the carrying amount of goodwill, by segment, as of December 31, 2022 and 2023, were as follows, respectively:
(in thousands)North
America
EuropeAsia
Pacific
Total
Balance as of January 1, 2022$96,307 $36,331 $1,384 $134,022 
Goodwill acquired7,444 365,591 — 373,035 
Foreign exchange(179)(11,123)(83)(11,385)
Balance as of December 31, 2022103,572 390,799 1,301 495,672 
Goodwill acquired(2,077) 31,497 — (580)
Goodwill disposed— (5,678) 4— (5,678)
Foreign exchange63 13,075 (2)13,136 
Balance as of December 31, 2023$101,558 $399,693 $1,299 $502,550 
 
Schedule of changes in the carrying amounts of finite-lived intangible assets subject to amortization  
The annual changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization for the years ended December 31, 2023 and 2022 were as follows:
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Patents
Balance as of January 1, 2022$10,773 $(1,362)$9,411 
Purchases13,775 (670)13,105 
Amortization— (771)(771)
Foreign exchange(376)— (376)
Balance as of December 31, 202224,172 (2,803)21,369 
Purchases13,996 — 13,996 
Amortization— (2,051)(2,051)
Foreign exchange430 — 430 
Balance as of December 31, 2023$38,598 $(4,854)$33,744 
 
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Unpatented Technology
Balance as of January 1, 2022$22,403 $(18,666)$3,737 
Amortization— (793)(793)
Reclassifications
(49)— (49)
Foreign exchange56 — 56 
Balance as of December 31, 202222,410 (19,459)2,951 
Amortization— (820)(820)
Foreign exchange98 — 98 
Balance as of December 31, 2023$22,508 $(20,279)$2,229 
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Non-Compete Agreements,
Trademarks and Other
Balance as of January 1, 2022$21,434 $(10,355)$11,079 
Purchases 6,880 (5)6,875 
Amortization— (2,572)(2,572)
Foreign exchange(162)— (162)
Reclassifications149 — 149 
Balance as of December 31, 202228,301 (12,932)15,369 
Assets acquisitions, net of cash acquired(380) 5— (380)
Amortization— (2,813)(2,813)
Foreign exchange226 — 226 
Balance as of December 31, 2023$28,147 $(15,745)$12,402 
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer Relationships
Balance as of January 1, 2022$17,789 $(16,361)$1,428 
Purchases249,767 (12,223)237,544 
Amortization— (386)(386)
Reclassifications(151)— (151)
Foreign exchange(6,946)— (6,946)
Removal of fully amortized assets— — — 
Balance as of December 31, 2022260,459 (28,970)231,489 
Purchases1,300 — 1,300 
Amortization— (17,429)(17,429)
Foreign exchange7,407 — 7,407 
Balance as of December 31, 2023$269,166 $(46,399)$222,767 
Schedule of estimated future amortization of intangible assets December 31, 2023, estimated future amortization of intangible assets was as follows:
 
(in thousands) 
2024$22,374 
202522,093 
202621,981 
202721,784 
202821,641 
Thereafter161,269 
Total$271,142 
 
Schedule of finite-lived intangible assets
Definite-lived and indefinite-lived assets, net, by segment as of December 31, 2023, and 2022 were as follows: 
 As of December 31, 2022
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(in thousands)
Total Intangible Assets
North America$53,498 $(29,782)$23,716 
Europe373,538 (34,337)339,201 
Total$427,036 $(64,119)$362,917 

 As of December 31, 2023
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(in thousands)
Total Intangible Assets
North America$64,190 $(33,740)$30,450 
Europe384,432 (53,493)330,939 
Asia/Pacific4,240 (290)3,950 
Total$452,862 $(87,523)$365,339