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Note 15 - Goodwill

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Goodwill Disclosure [Text Block]

15. Goodwill

Our operating segments, NLA, ESSA, MENA and APAC, are also our reporting units. The allocation of goodwill by operating segment was as follows (in thousands):

		December 31,
		2024				2023
NLA		$	164,505			$	139,512
ESSA			102,379				83,319
MENA			49,579				5,441
APAC			32,455				19,415
Total		$	348,918			$	247,687

The following table provides the gross carrying amount and cumulative impairment expense of goodwill for each operating segment as of  December 31, 2024 and 2023 (in thousands):

		2024																				2023
		Cost				Acquired in acquisitions				Measurement period adjustments				Accumulated impairment				Net Book Value				Cost				Acquired in acquisitions				Measurement period adjustments				Accumulated impairment				Net Book Value
NLA		$	176,853			$	22,986			$	2,007			$	(37,341	)		$	164,505			$	155,852			$	20,703			$	298			$	(37,341	)		$	139,512
ESSA		$	97,797				18,197				863				(14,478	)			102,379				94,536				2,863				398				(14,478	)		$	83,319
MENA		$	131,824				42,140				1,998				(126,383	)			49,579				130,601				1,074				149				(126,383	)		$	5,441
APAC		$	59,528				12,450				590				(40,113	)			32,455				58,306				1,073				149				(40,113	)		$	19,415
Total		$	466,002			$	95,773			$	5,458			$	(218,315	)		$	348,918			$	439,295			$	25,713			$	994			$	(218,315	)		$	247,687

During 2024, the Company initially recognized goodwill totaling $95.8 million from the Coretrax Acquisition and made net measurement period adjustments of $5.5 million related to the Coretrax Acquisition and PRT Acquisition. During 2023, the Company initially recognized goodwill totaling $25.7 million from the DeltaTek Acquisition and PRT Acquisition and made measurement period adjustments of $1.0 million related to the DeltaTek Acquisition. Please see Note 3 “Business combinations and dispositions” for additional information.

No goodwill impairment expense was recognized during the years ended December 31, 2024, 2023 and 2022.

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The entire disclosure for goodwill.

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