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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | Note 4 – Goodwill and Other Intangible Assets Goodwill allocated to the Company’s reportable segments is summarized as follows:
(in thousands) |  | Americas |  |  | Asia |  |  | Total |
Goodwill as of September 30, 2023 and December 31, 2022 |  | $ | 154,014 |  |  | $ | 38,102 |  |  | $ | 192,116 |
Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable intangible assets and capitalized purchased software costs as of September 30, 2023 and December 31, 2022 were as follows:
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 100,059 |  |  | $ | (70,703 | ) |  | $ | 29,356 |
Capitalized purchased software costs |  |  | 43,816 |  |  |  | (29,288 | ) |  |  | 14,528 |
Technology licenses |  |  | 15,500 |  |  |  | (15,500 | ) |  |  | — |
Trade names and trademarks |  |  | 7,800 |  |  |  | — |  |  |  | 7,800 |
Other |  |  | 868 |  |  |  | (398 | ) |  |  | 470 |
Total intangible assets as of September 30, 2023 |  | $ | 168,043 |  |  | $ | (115,889 | ) |  | $ | 52,154 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 100,072 |  |  | $ | (65,958 | ) |  | $ | 34,114 |
Capitalized purchased software costs |  |  | 52,483 |  |  |  | (36,702 | ) |  |  | 15,781 |
Technology licenses |  |  | 15,500 |  |  |  | (15,500 | ) |  |  | — |
Trade names and trademarks |  |  | 7,800 |  |  |  | — |  |  |  | 7,800 |
Other |  |  | 868 |  |  |  | (377 | ) |  |  | 491 |
Total intangible assets as of December 31, 2022 |  | $ | 176,723 |  |  | $ | (118,537 | ) |  | $ | 58,186 |
Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 14 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. The Company’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization on the condensed consolidated statements of cash flow for the nine months ended September 30, 2023 and 2022 was as follows:
|  | Nine Months Ended September 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Amortization of intangible assets |  | $ | 4,775 |  |  | $ | 4,792 |
Amortization of capitalized purchased software costs |  |  | 3,517 |  |  |  | 3,019 |
Amortization of debt costs |  |  | 368 |  |  |  | 302 |
|  | $ | 8,660 |  |  | $ | 8,113 |
The estimated future amortization expense of acquired intangible assets for each of the next five ye ars is as follows:
Year ending December 31, |  | Amount |
2023 (remaining three months) |  | $ | 1,592 |
2024 |  |  | 4,817 |
2025 |  |  | 4,817 |
2026 |  |  | 4,817 |
2027 |  |  | 4,817 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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