XML 66 R50.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Value of Intangible Assets | The carrying values of intangible assets were as follows:
| December 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (In thousands) |  | (In thousands)
Goodwill | $ | 1,018,677 |  |  | $ | — |  |  | $ | 1,018,677 |  |  | $ | 907,331 |  |  | $ | — |  |  | $ | 907,331 |
Definite-lived intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Developed technology | $ | 341,303 |  |  | $ | (247,904) |  |  | $ | 93,399 |  |  | $ | 300,240 |  |  | $ | (219,210) |  |  | $ | 81,030 |
Customer relationships | 454,298 |  |  | (164,279) |  |  | 290,019 |  |  | 296,616 |  |  | (145,739) |  |  | 150,877 |
Trademarks | 72,804 |  |  | (41,733) |  |  | 31,071 |  |  | 43,862 |  |  | (35,089) |  |  | 8,773 |
Backlog | 14,170 |  |  | (13,705) |  |  | 465 |  |  | 14,847 |  |  | (13,483) |  |  | 1,364 |
In-service research and development | 5,000 |  |  | (5,000) |  |  | — |  |  | 5,000 |  |  | (5,000) |  |  | — |
Non-compete agreements | 5,265 |  |  | (1,145) |  |  | 4,120 |  |  | 810 |  |  | (710) |  |  | 100 |
Total intangible assets subject to amortization | $ | 892,840 |  |  | $ | (473,766) |  |  | $ | 419,074 |  |  | $ | 661,375 |  |  | $ | (419,231) |  |  | $ | 242,144 |
Indefinite-lived intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 27,000 |  |  | $ | — |  |  | $ | 27,000 |
Total intangible assets not subject to amortization | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 27,000 |  |  | $ | — |  |  | $ | 27,000 |
Intangible assets | $ | 892,840 |  |  | $ | (473,766) |  |  | $ | 419,074 |  |  | $ | 688,375 |  |  | $ | (419,231) |  |  | $ | 269,144 |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill assigned to reporting units in our reportable segments are as follows:
| Smart Infrastructure Solutions |  | Automation Solutions |  | Consolidated
| (In thousands)
Balance at December 31, 2022 | $ | 477,834 |  |  | $ | 384,419 |  |  | $ | 862,253 |
Acquisitions | 32,243 |  |  | 5,816 |  |  | 38,059 |
Translation impact | 1,447 |  |  | 5,572 |  |  | 7,019 |
Balance at December 31, 2023 | $ | 511,524 |  |  | $ | 395,807 |  |  | $ | 907,331 |
Acquisitions | 120,962 |  |  | 2,620 |  |  | 123,582 |
Translation impact | (3,128) |  |  | (9,108) |  |  | (12,236) |
Balance at December 31, 2024 | $ | 629,358 |  |  | $ | 389,319 |  |  | $ | 1,018,677 |
Schedule of Indefinite-Lived Intangible Assets | The changes in the carrying amount of indefinite-lived trademarks are as follows:
| Smart Infrastructure Solutions |  | Automation Solutions |  | Consolidated
| (In thousands)
Balance at December 31, 2022 and 2023 | $ | 27,000 |  |  | $ | — |  |  | $ | 27,000 |
Reclassify to definite-lived | (27,000) |  |  | — |  |  | (27,000) |
Balance at December 31, 2024 | $ | — |  |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration