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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2024
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 operating segments follows:
(in thousands) |  | Americas |  |  | Asia |  |  | Total |
Goodwill as of June 30, 2024 and December 31, 2023 |  | $ | 154,014 |  |  | $ | 38,102 |  |  | $ | 192,116 |
A summary of the Company’s acquired identifiable intangible assets and capitalized purchased software costs follows:
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 100,073 |  |  | $ | (74,312 | ) |  | $ | 25,761 |
Capitalized purchased software costs |  |  | 44,574 |  |  |  | (29,642 | ) |  |  | 14,932 |
Technology licenses |  |  | 15,500 |  |  |  | (15,500 | ) |  |  | — |
Trade names and trademarks |  |  | 7,800 |  |  |  | — |  |  |  | 7,800 |
Other |  |  | 869 |  |  |  | (416 | ) |  |  | 453 |
Total intangible assets as of June 30, 2024 |  | $ | 168,816 |  |  | $ | (119,870 | ) |  | $ | 48,946 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 100,105 |  |  | $ | (71,947 | ) |  | $ | 28,158 |
Capitalized purchased software costs |  |  | 45,062 |  |  |  | (30,463 | ) |  |  | 14,599 |
Technology licenses |  |  | 15,500 |  |  |  | (15,500 | ) |  |  | — |
Trade names and trademarks |  |  | 7,800 |  |  |  | — |  |  |  | 7,800 |
Other |  |  | 869 |  |  |  | (404 | ) |  |  | 465 |
Total intangible assets as of December 31, 2023 |  | $ | 169,336 |  |  | $ | (118,314 | ) |  | $ | 51,022 |
A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of intangible assets |  | $ | 1,204 |  |  | $ | 1,591 |  |  | $ | 2,408 |  |  | $ | 3,183 |
Amortization of capitalized purchased software costs |  |  | 1,247 |  |  |  | 1,280 |  |  |  | 2,454 |  |  |  | 2,354 |
Amortization of debt costs |  |  | 130 |  |  |  | 124 |  |  |  | 259 |  |  |  | 238 |
Total amortization expense |  | $ | 2,581 |  |  | $ | 2,995 |  |  | $ | 5,121 |  |  | $ | 5,775 |
A summary of the future amortization expense related to the Company’s intangible assets held as of June 30, 2024 for each of the next five years follows:
Year ending December 31, |  | Amortization Expense |
Remaining six months of 2024 |  | $ | 2,408 |
2025 |  |  | 4,817 |
2026 |  |  | 4,817 |
2027 |  |  | 4,817 |
2028 |  |  | 4,817 |
2029 |  |  | 4,218 |

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- Definition The entire disclosure for goodwill and intangible assets. + 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 + Details
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