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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 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 September 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 |  | $ | 100,118 |  |  | $ | (75,555 | ) |  | $ | 24,563 |
Capitalized purchased software costs |  |  | 44,085 |  |  |  | (30,351 | ) |  |  | 13,734 |
Technology licenses |  |  | 15,500 |  |  |  | (15,500 | ) |  |  | — |
Trade names and trademarks |  |  | 7,800 |  |  |  | — |  |  |  | 7,800 |
Other |  |  | 868 |  |  |  | (422 | ) |  |  | 446 |
Total intangible assets as of September 30, 2024 |  | $ | 168,371 |  |  | $ | (121,828 | ) |  | $ | 46,543 |
(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 September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization of intangible assets |  | $ | 1,205 |  |  | $ | 1,592 |  |  | $ | 3,613 |  |  | $ | 4,775 |
Amortization of capitalized purchased software costs |  |  | 1,225 |  |  |  | 1,163 |  |  |  | 3,679 |  |  |  | 3,517 |
Amortization of debt costs |  |  | 130 |  |  |  | 130 |  |  |  | 389 |  |  |  | 368 |
Total amortization expense |  | $ | 2,560 |  |  | $ | 2,885 |  |  | $ | 7,681 |  |  | $ | 8,660 |
A summary of the future amortization expense related to the Company’s intangible assets held as of September 30, 2024 for each of the next five years follows (in thousands):
Year ending December 31, |  | Amortization Expense |
Remaining three months of 2024 |  | $ | 1,204 |
2025 |  |  | 4,817 |
2026 |  |  | 4,817 |
2027 |  |  | 4,817 |
2028 |  |  | 4,817 |
2029 |  |  | 4,219 |

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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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