Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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