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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill, by segment
Goodwill consisted of the following:
 As of September 30,As of December 31,
(in thousands)202520242024
North America$131,088 $144,369 $134,148 
Europe425,487 405,257 377,049 
Asia/Pacific1,261 1,320 1,186 
Total$557,836 $550,946 $512,383 
Schedule of amortizable intangible assets
Amortizable intangible assets were as follows:

(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Patents
Balance as of December 31, 2023$38,598 $(4,854)$33,744 
Amortization— (2,071)(2,071)
Foreign exchange189 — 189 
Balance as of September 30, 202438,787 (6,925)31,862 
Reclassifications2
15,800 — 15,800 
Amortization— (1,397)(1,397)
Foreign exchange(1,115)— (1,115)
Balance as of December 31, 202453,472 (8,322)45,150 
Disposals
(3,434)— (3,434)
Amortization— (2,553)(2,553)
Foreign exchange5,522 — 5,522 
Balance as of September 30, 2025$55,560 $(10,875)$44,685 


(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Unpatented Technology
Balance as of December 31, 2023$22,508 $(20,279)$2,229 
Amortization— (689)(689)
Foreign exchange382 — 382 
Balance as of September 30, 202422,890 (20,968)1,922 
Amortization— (302)(302)
Foreign exchange(431)— (431)
Balance as of December 31, 202422,459 (21,270)1,189 
Amortization— (545)(545)
Foreign exchange115 — 115 
Balance as of September 30, 2025$22,574 $(21,815)$759 
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-Compete Agreements, Trademarks and Other
Balance as of December 31, 2023$28,147 $(15,745)$12,402 
Purchases29,095 — 29,095 
Amortization— (1,824)(1,824)
Reclassifications1
(1,673)— (1,673)
Foreign exchange(6)— (6)
Balance as of September 30, 202455,563 (17,569)37,994 
Amortization— (1,148)(1,148)
Reclassifications2
(14,995)— (14,995)
Foreign exchange(1)— (1)
Balance as of December 31, 202440,567 (18,717)21,850 
Amortization— (3,170)(3,170)
Reclassifications
(270)— (270)
Foreign exchange69 — 69 
Balance as of September 30, 2025$40,366 $(21,887)$18,479 

(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Customer Relationships
Balance as of December 31, 2023$269,166 $(46,399)$222,767 
Purchases14,277 — 14,277 
Amortization— (13,381)(13,381)
Reclassifications1
1,673 — 1,673 
Foreign exchange2,992 — 2,992 
Balance as of September 30, 2024288,108 (59,780)228,328 
Disposals331 — 331 
Amortization— (3,981)(3,981)
Reclassifications2
(3,717)— (3,717)
Foreign exchange(19,737)— (19,737)
Balance as of December 31, 2024264,985 (63,761)201,224 
Amortization— (13,611)(13,611)
Reclassifications
919 — 919 
Foreign exchange24,768 — 24,768 
Balance as of September 30, 2025$290,672 $(77,372)$213,300 
Schedule of net intangible assets, by segment
Definite-lived and indefinite-lived intangible assets, net, by segment were as follows:
 As of September 30, 2025
 Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$116,273 $(44,102)$72,171 
Europe404,333 (87,203)317,130 
Asia/Pacific4,116 (900)3,216 
Total$524,722 $(132,205)$392,517 
 
 As of September 30, 2024
 Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$107,561 $(37,131)$70,430 
Europe389,148 (67,801)321,347 
Asia/Pacific4,296 (556)3,740 
   Total$501,005 $(105,488)$395,517 
 
 As of December 31, 2024
 Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$116,550 $(39,061)$77,489 
Europe366,586 (72,621)293,965 
Asia/Pacific4,240 (643)3,597 
Total$487,376 $(112,325)$375,051 
Schedule of estimated future amortization of intangible assets
At September 30, 2025, the estimated future amortization of definite-lived intangible assets was as follows: 
(in thousands) 
Remaining three months of 2025$6,678 
202625,056 
202724,908 
202824,759 
202924,114 
203023,503 
Thereafter148,205 
$277,223 
Changes in the carrying amount of goodwill and intangible assets
The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2025, were as follows: 
(in thousands)GoodwillIntangible Assets
Balance at December 31, 2024$512,383 $375,051 
Disposals
(33)(3,512) 3
Reclassifications4
(3,149)3,149 
Amortization— (19,879)
Foreign exchange48,635 37,708 
Balance at September 30, 2025$557,836 $392,517