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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill / Tradename | Goodwill activity for the nine months ended September 30, 2024 and the year ended December 31, 2023 was as follows:
(in thousands) |  | Nine months ended September 30, 2024 |  |  | Year ended December 31, 2023 |
Goodwill / Tradename |  | Goodwill |  |  | Tradename |  |  | Goodwill |  |  | Tradename |
Balance at beginning of period |  | $ | 211,326 |  |  | $ | 9,570 |  |  | $ | 183,197 |  |  | $ | 9,508 |
Acquisitions |  |  | 7,689 |  |  |  | — |  |  |  | 27,152 |  |  |  | — |
Foreign currency translation |  |  | 1,011 |  |  |  | 28 |  |  |  | 977 |  |  |  | 62 |
Balance at end of period |  | $ | 220,026 |  |  | $ | 9,598 |  |  | $ | 211,326 |  |  | $ | 9,570 |
Intangible Assets - Finite Life | Finite life intangible assets as of September 30, 2024 and December 31, 2023 consisted of the following:
|  | September 30, 2024 |  |  | December 31, 2023 |
(in thousands) |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 17,248 |  |  | $ | 14,552 |  |  | $ | 16,517 |  |  | $ | 14,061 |
Customer lists |  |  | 109,151 |  |  |  | 68,380 |  |  |  | 103,471 |  |  |  | 63,420 |
Tradenames |  |  | 14,914 |  |  |  | 6,030 |  |  |  | 14,094 |  |  |  | 5,001 |
Foreign currency adjustments |  |  | (1,396 | ) |  |  | (592 | ) |  |  | (1,083 | ) |  |  | 56 |
Total intangible assets – finite life |  | $ | 139,917 |  |  | $ | 88,370 |  |  | $ | 132,999 |  |  | $ | 82,538 |
Summary of Finite Lived Intangible Assets Activities | Finite life intangible asset activity for the nine months ended September 30, 2024 and 2023 was as follows:
|  | Nine months ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Intangible assets – finite life, net at beginning of period |  | $ | 50,461 |  |  | $ | 35,251 |
Amortization expense |  |  | (6,478 | ) |  |  | (5,306 | )
Acquisitions |  |  | 7,250 |  |  |  | 22,318 |
Foreign currency adjustments |  |  | 314 |  |  |  | 77 |
Intangible assets – finite life, net at end of period |  | $ | 51,547 |  |  | $ | 52,340 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, 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 (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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