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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Acquired identifiable intangible assets, and related accumulated amortization, as of September 30, 2024 and December 31, 2023 consisted of:
|  | September 30, 2024 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (in thousands) |
Customer relationships |  | $ | 12,541 |  |  | $ | 8,053 |  |  | $ | 4,488 |
Tradenames |  |  | 18,673 |  |  |  | 4,178 |  |  |  | 14,495 |
Developed technology |  |  | 29,590 |  |  |  | 4,066 |  |  |  | 25,524 |
Foreign currency |  |  | (932 | ) |  |  | (969 | ) |  |  | 37 |
Total Intangible Assets (1) |  | $ | 59,872 |  |  | $ | 15,328 |  |  | $ | 44,544 |
|  | December 31, 2023 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (in thousands) |
Customer relationships |  | $ | 8,085 |  |  | $ | 7,214 |  |  | $ | 871 |
Tradenames |  |  | 3,066 |  |  |  | 2,607 |  |  |  | 459 |
Developed technology |  |  | 1,884 |  |  |  | 1,613 |  |  |  | 271 |
Foreign currency |  |  | (1,159 | ) |  |  | (1,292 | ) |  |  | 133 |
Total Intangible Assets (1) |  | $ | 11,876 |  |  | $ | 10,142 |  |  | $ | 1,734 |
(1) The accumulated amortization includes $1.9 million of accumulated impairment charges as of September 30, 2024 and December 31, 2023.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of September 30, 2024, estimated annual amortization expense related to definite lived intangible assets in future periods was as follows:
|  | (in thousands) |
2024 |  | $ | 2,146 |
2025 |  |  | 8,016 |
2026 |  |  | 7,761 |
2027 |  |  | 7,591 |
Thereafter |  |  | 18,993 |
Total |  | $ | 44,507 |
Schedule of Changes in Carrying Values of Goodwill | Changes in the carrying values of goodwill for the nine months ended September 30, 2024 from the balance as of December 31, 2023.
|  | (in thousands) |
Balance as of January 1, 2024 |  | $ | 10,686 |
PDP acquisition |  |  | 46,014 |
Balance as of September 30, 2024 |  | $ | 56,700 |

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