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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill
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 |
Amortization expense for both the three months ended June 30, 2024 and 2023 was $4 million and amortization expense for both the six months ended June 30, 2024 and 2023 was $8 million. 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 |
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 The entire disclosure for goodwill and intangible assets. + 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
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