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Goodwill and Intangible Assets (Tables)

9 Months Ended

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

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

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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

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- 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

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