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Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Reconciliation of Change in Carrying Value of Goodwill summary of the net carrying amount of goodwill at September 30, 2024 and December 31, 2023, is as follows (in thousands):
September 30, 2024December 31, 2023
Goodwill - gross carrying amount$1,179,963 $1,069,125 
Accumulated impairment losses (1)
(175,879)(167,697)
Goodwill - net carrying amount$1,004,084 $901,428 
(1) Includes accumulated goodwill impairment expense of $20.6 million recorded at Ergobaby, $72.7 million at Velocity, $24.9 million at Arnold and $57.8 million at PrimaLoft. During the three months ended March 31, 2024, the Company recorded $8.2 million of goodwill impairment expense at Velocity. In the year ended December 31, 2023, the Company recorded $31.6 million of goodwill impairment expense at Velocity and $57.8 million of goodwill impairment expense at PrimaLoft.
The following is a reconciliation of the change in the carrying value of goodwill for the nine months ended September 30, 2024 by operating segment (in thousands):
Balance at January 1, 2024Acquisitions/Measurement Period AdjustmentsGoodwill ImpairmentBalance at September 30, 2024
5.11$92,966 $— $— $92,966 
BOA254,153 — — 254,153 
Ergobaby41,521 177 — 41,698 
Lugano86,337 — — 86,337 
PrimaLoft232,536 — — 232,536 
The Honey Pot Co.— 107,039 — 107,039 
Velocity Outdoor8,182 — (8,182)— 
Altor91,130 3,622 — 94,752 
Arnold 39,267 — — 39,267 
Sterno55,336 — — 55,336 
Total$901,428 $110,838 $(8,182)$1,004,084 
Summary of Other Intangible Assets
Other intangible assets are comprised of the following at September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationships$790,287 $(325,845)$464,442 $772,423 $(294,628)$477,795 
Technology and patents199,805 (75,678)124,127 202,898 (66,035)136,863 
Trade names, subject to amortization546,269 (130,464)415,805 375,507 (124,648)250,859 
Non-compete agreements4,638 (4,269)369 4,638 (4,082)556 
Other contractual intangible assets1,960 (1,743)217 1,960 (1,593)367 
Total1,542,959 (537,999)1,004,960 1,357,426 (490,986)866,440 
Trade names, not subject to amortization56,965 — 56,965 56,965 — 56,965 
In-process research and development (1)
500 — 500 500 — 500 
Total intangibles, net$1,600,424 $(537,999)$1,062,425 $1,414,891 $(490,986)$923,905 
Summary of Estimated Charges to Amortization Expense of Intangible Assets
Estimated charges to amortization expense of intangible assets for the remainder of 2024 and the next four years, is as follows (in thousands):
20242025202620272028
$26,390 $100,366 $94,068 $83,334 $81,202