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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill / Tradename

Goodwill and indefinite life intangible asset activity for the three months ended March 31, 2025 and the year ended December 31, 2024 was as follows:

(in thousands)		Three months ended March 31, 2025								Year ended December 31, 2024
Goodwill / Tradename		Goodwill				Tradename				Goodwill				Tradename
Balance at beginning of period		$	269,747			$	9,466			$	211,326			$	9,570
Acquisitions			30,534				—				59,115				—
Divestitures			(26,838	)			—				—				—
Foreign currency translation			1,326				93				(694	)			(104	)
Balance at end of period		$	274,769			$	9,559			$	269,747			$	9,466

Intangible Assets - Finite Life

Finite life intangible assets as of March 31, 2025 and December 31, 2024 consisted of the following:

		March 31, 2025								December 31, 2024
(in thousands)		Cost				Accum. Amort.				Cost				Accum. Amort.
Technology		$	22,314			$	13,291			$	20,614			$	14,769
Customer lists			140,337				52,457				127,354				70,045
Tradenames			17,660				4,586				18,530				6,392
Foreign currency adjustments			(1,689	)			(962	)			(2,770	)			(1,528	)
Total intangible assets – finite life		$	178,622			$	69,372			$	163,728			$	89,678

Summary of Finite Lived Intangible Assets Activities

Finite life intangible asset activity for the three months ended March 31, 2025 and 2024 was as follows:

		Three months ended March 31,
(in thousands)		2025				2024
Intangible assets – finite life, net at beginning of period		$	74,050			$	50,461
Amortization expense			(3,096	)			(2,157	)
Acquisitions			41,810				—
Divestitures			(4,029	)			—
Foreign currency adjustments			515				20
Intangible assets – finite life, net at end of period		$	109,250			$	48,324

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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X

- 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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