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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in carrying amounts of goodwill attributable to continuing operations for the years ended December 31, 2022 and 2021 are as follows (in thousands):
| Amount
Balance as of January 1, 2021 | $ | 342,430 |
Foreign exchange translation | (3,221) |
Balance as of December 31, 2021 | $ | 339,209 |
Goodwill acquired (Note 4) | 5,677 |
Foreign exchange translation (1) | 1,699 |
Balance as of December 31, 2022 | $ | 346,585 |
(1) In 2022, the Company recorded a $5.5 million out of period correction that increased goodwill with an offset to the cumulative translation adjustment. It was deemed to be an out of period correction that was not material to 2022 or any prior period.
Indefinite Intangible Assets | Intangible assets are summarized as of December 31, 2022 and 2021 as follows (in thousands):
| 2022 |  | 2021
Trade names | $ | 27,337 |  |  | $ | 27,388 |
Other | 4,045 |  |  | 3,683 |
Total | $ | 31,382 |  |  | $ | 31,071 |
Intangible Assets Subject to Amortization | As of December 31, 2022, intangible assets subject to amortization are summarized as follows (in thousands):
| Weighted-Average Remaining Amortization Period |  | Historical Cost |  | Accumulated Amortization |  | Net
Trade names | 0.5 years |  | $ | 8,151 |  |  | $ | 7,605 |  |  | $ | 546 |
Patent and patent licenses | 0.0 years |  | 54,341 |  |  | 54,341 |  |  | — |
Customer relationships (1) | 3.1 years |  | 107,175 |  |  | 92,573 |  |  | 14,602 |
Other purchased intangibles | 2.0 years |  | 11,937 |  |  | 9,311 |  |  | 2,626 |
Total |  |  | $ | 181,604 |  |  | $ | 163,830 |  |  | $ | 17,774 |
(1) Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace in which the assets’ benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first four to five years, despite the overall life of the asset. As of December 31, 2021, intangible assets subject to amortization are summarized as follows (in thousands):
| Weighted-Average Remaining Amortization Period |  | Historical Cost |  | Accumulated Amortization |  | Net
Trade names | 1.6 years |  | $ | 12,219 |  |  | $ | 10,633 |  |  | $ | 1,586 |
Patent and patent licenses (1) | 0.0 years |  | 54,341 |  |  | 53,930 |  |  | 411 |
Customer relationships (2) | 4.3 years |  | 99,571 |  |  | 90,050 |  |  | 9,521 |
Other purchased intangibles | 3.8 years |  | 13,160 |  |  | 12,200 |  |  | 960 |
Total |  |  | $ | 179,291 |  |  | $ | 166,813 |  |  | $ | 12,478 |
(1) The December 31, 2021 patent and patent licenses historical cost and accumulated amortization balance was adjusted to conform with presentation of the December 31, 2022 balance for comparability purposes. There was no impact to the net balance. (2) Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace in which the assets’ benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first four to five years, despite the overall life of the asset.
Expected Amortization Expenses for Intangible Assets Subject To Amortization | Expected amortization expenses for intangible assets subject to amortization at December 31, 2022 are as follows (in thousands):
Fiscal Year: | Amount
2023 | $ | 4,220 |
2024 | 3,496 |
2025 | 2,645 |
2026 | 2,206 |
2027 | 1,410 |
Thereafter | 3,797 |
Total expected amortization expense | $ | 17,774 |

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