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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 3. Goodwill and Other Intangible Assets The following table summarizes the changes in the carrying amount of goodwill by historical reportable segment (in thousands):
|  | Total |
Balance at December 31, 2023 |  |  |
Goodwill, Gross |  | $ | 404,111 |
Accumulated impairment losses |  |  | (142,000 | )
Goodwill, Net |  |  | 262,111 |
Currency translation |  |  | (1,755 | )
Balance at March 31, 2024 |  |  |
Goodwill, Gross |  |  | 402,356 |
Accumulated impairment losses |  |  | (142,000 | )
Goodwill, Net |  | $ | 260,356 |
The components of identifiable intangible assets were as follows (in thousands):
|  | Technology |  |  | Trademarks and Trade Names |  |  | Customer Relationships |  |  | Other |  |  | Total |
As of December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross carrying amount |  | $ | 168,841 |  |  | $ | 37,056 |  |  | $ | 143,565 |  |  | $ | 47,670 |  |  | $ | 397,132 |
Accumulated amortization |  |  | (113,354 | ) |  |  | (23,393 | ) |  |  | (98,361 | ) |  |  | (47,670 | ) |  |  | (282,778 | )
Total identifiable intangible assets |  | $ | 55,487 |  |  | $ | 13,663 |  |  | $ | 45,204 |  |  | $ | — |  |  | $ | 114,354 |
As of March 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross carrying amount |  | $ | 168,787 |  |  | $ | 36,782 |  |  | $ | 141,595 |  |  | $ | 47,564 |  |  | $ | 394,728 |
Accumulated amortization |  |  | (115,456 | ) |  |  | (23,941 | ) |  |  | (99,787 | ) |  |  | (46,064 | ) |  |  | (285,248 | )
Total identifiable intangible assets |  | $ | 53,331 |  |  | $ | 12,841 |  |  | $ | 41,808 |  |  | $ | 1,500 |  |  | $ | 109,480 |
Estimated annual amortization expense for the years ending December 31, 2024 through 2028 based on exchange rates in effect at December 31, 2023 is as follows (in millions):
For the Years Ending December 31, |  |  |
2024 (remaining) |  | $ | 18.2 |
2025 |  |  | 22.2 |
2026 |  |  | 22.2 |
2027 |  |  | 16.9 |
2028 |  |  | 11.8 |

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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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