XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the six months ended June 30, 2023 is summarized as follows (in thousands):

Balance at December 31, 2022

$

242,149

 

Translation adjustments

 

1,138

 

Balance at June 30, 2023

$

243,287

 

 
Summary of Carrying Values of Finite-Lived Intangible Assets

The carrying values of finite-lived intangible assets are as follows (in thousands):

 

 

June 30, 2023

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

77,798

 

 

$

38,032

 

 

$

39,766

 

Technology

 

16,303

 

 

 

14,992

 

 

 

1,311

 

Trademarks

 

12,486

 

 

 

10,157

 

 

 

2,329

 

Total

$

106,587

 

 

$

63,181

 

 

$

43,406

 

 

 

December 31, 2022

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

77,786

 

 

$

33,805

 

 

$

43,981

 

Technology

 

16,803

 

 

 

14,696

 

 

 

2,107

 

Trademarks

 

12,472

 

 

 

9,056

 

 

 

3,416

 

Total

$

107,061

 

 

$

57,557

 

 

$

49,504

 
Summary of Estimated Intangible Assets Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):

 

2023 (remainder)

$

5,817

 

2024

 

9,916

 

2025

 

8,876

 

2026

 

8,392

 

2027

 

8,324

 

Thereafter

 

2,081

 

Total

$

43,406