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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amounts of Goodwill
The changes in carrying amounts of goodwill for the three months ended March 31, 2025 are as follows (in thousands):
Amount
Balance as of January 1, 2025
$345,036 
Foreign exchange translation2,375 
Balance as of March 31, 2025$347,411 
As of March 31, 2025 the Company’s goodwill had no accumulated impairment.
Intangible Assets with Indefinite Lives
Intangible assets are summarized as of March 31, 2025 and December 31, 2024 as follows (in thousands):
March 31, 2025December 31, 2024
Trade names$27,348 $27,316 
Other4,045 4,045 
Total$31,393 $31,361 
Intangible Assets Subject to Amortization
As of March 31, 2025, intangible assets subject to amortization are summarized as follows (in thousands):
Weighted-Average Remaining
  Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names0.2 years$8,165 $7,916 $249 
Patent and patent licenses0.0 years54,341 54,341 — 
Customer relationships (1)
2.0 years108,016 100,310 7,706 
Other purchased intangibles 1.1 years11,920 10,708 1,212 
Total
 $182,442 $173,275 $9,167 
(1) The Company amortizes 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, which may not correlate to the overall life of the asset.

    As of December 31, 2024, intangible assets subject to amortization are summarized as follows (in thousands):
Weighted-Average Remaining
  Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names0.2 years$8,107 $7,826 $281 
Patent and patent licenses0.0 years54,341 54,341 — 
Customer relationships (1)
2.1 years107,287 99,054 8,233 
Other purchased intangibles 1.2 years11,914 10,576 1,338 
Total$181,649 $171,797 $9,852 
(1) The Company amortizes 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, which may not correlate to the overall life of the asset.
Estimated Intangible Assets Amortization Expense
Expected amortization expenses for intangible assets subject to amortization at March 31, 2025 are as follows (in thousands):
Fiscal Year:Amount
2025 (remainder)
$1,888 
2026
2,099 
2027
1,399 
2028
986 
2029
803 
Thereafter1,992 
Total$9,167