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Goodwill

9 Months Ended

Sep. 30, 2024

Goodwill Excluding Non Goodwill Intangibles [Abstract]

The following table reflects changes in the carrying amount of goodwill for the nine months ended September 30, 2024:


In thousands	Device Solutions		Networked Solutions		Outcomes		Total Company
Goodwill balance at January 1, 2024	$	—	$	911,847	$	140,657	$	1,052,504


Goodwill acquired (1)	—		—		19,661		19,661
Effect of change in exchange rates	—		1,382		210		1,592
Goodwill balance at September 30, 2024	$	—	$	913,229	$	160,528	$	1,073,757

(1) On March 1, 2024, we acquired Elpis Squared. The purchase resulted in the recognition of $19.7 million in goodwill allocated to our Outcomes operating segment and reporting unit. Refer to Note 4: Intangible Assets and Liabilities and Note 17: Business Combination for additional information on the transaction.