XML 30 R18.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Jun. 30, 2024

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

NOTE 10. INTANGIBLE ASSETS AND GOODWILL

Intangible assets consisted of the following:


		June 30, 2024
		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
		Amount			Amortization			Amount			Useful Life (in years)
Technology		$	100,257		$	(66,005)		$	34,252		7.3
Customer relationships			169,327			(64,606)			104,721		9.0
Trademarks and other			27,102			(14,312)			12,790		5.1
Total		$	296,686		$	(144,923)		$	151,763		8.3

		December 31, 2023
		Gross Carrying			Accumulated			Net Carrying			Weighted Average Remaining
		Amount			Amortization			Amount			Useful Life (in years)
Technology		$	97,961		$	(60,412)		$	37,549		6.8
Customer relationships			168,685			(58,835)			109,850		9.5
Trademarks and other			27,141			(13,062)			14,079		5.6
Total		$	293,787		$	(132,309)		$	161,478		8.5

Amortization expense related to intangible assets is as follows:


		Three Months Ended June 30,						Six Months Ended June 30,
		2024			2023			2024			2023
Amortization expense		$	6,800		$	7,075		$	13,747		$	14,137

Estimated future amortization expense related to intangibles is as follows:


Year Ending December 31,
2024 (remaining)		$	11,735
2025			21,541
2026			19,826
2027			17,923
2028			16,690
Thereafter			64,048
Total		$	151,763

The following table summarizes the changes in goodwill:


December 31, 2023		$	283,840
Additions from acquisition			16,601
Foreign currency translation and other			(3,112)
June 30, 2024		$	297,329