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Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consisted of the following:
| June 30, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 155,169 |  |  | $ | (102,477) |  |  | $ | 52,692 |  |  | $ | 155,712 |  |  | $ | (95,409) |  |  | $ | 60,303 |
Software & technology | 2,965 |  |  | (1,318) |  |  | 1,647 |  |  | 3,047 |  |  | (1,100) |  |  | 1,947 |
Total intangible assets | $ | 158,134 |  |  | $ | (103,795) |  |  | $ | 54,339 |  |  | $ | 158,759 |  |  | $ | (96,509) |  |  | $ | 62,250 |
Schedule of Amortization Expense In Future Periods | Future amortization expense as of June 30, 2024 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges.
Remainder 2024 | $ | 7,859 |
2025 | 15,514 |
2026 | 14,524 |
2027 | 11,470 |
2028 | 2,438 |
Thereafter | 2,534 |
Total | $ | 54,339 |
Schedule of Goodwill | Changes in the carrying value of goodwill by reporting segment are shown in the table below.
|  |  |  |  | December 31, 2023 |  |  |  |  |  | Currency impact |  | June 30, 2024
SendTech Solutions |  |  |  |  | $ | 510,646 |  |  |  |  |  |  | $ | (6,796) |  |  | $ | 503,850 |
Presort Services |  |  |  |  | 223,763 |  |  |  |  |  |  | — |  |  | 223,763 |
Total goodwill |  |  |  |  | $ | 734,409 |  |  |  |  |  |  | $ | (6,796) |  |  | $ | 727,613 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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