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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] |
Summary of Change in Carrying Amount of Goodwill | The change in the carrying amount of goodwill for the nine months ended September 30, 2024 is summarized as follows (in thousands):
| Total |
Balance at December 31, 2023 | $ | 244,257 |
Dispositions (1) |  | (14,795 | )
Translation adjustments |  | 785 |
Balance at September 30, 2024 | $ | 230,247 |
(1) See Note 2 - Divestiture for additional information. The amount of goodwill allocated to the divestiture was determined using a relative fair value approach.
Summary of Carrying Values of Finite-Lived Intangible Assets | The carrying values of finite-lived intangible assets are as follows (in thousands):
| September 30, 2024 |
| Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Customer relationships | $ | 77,000 |  |  | $ | 47,865 |  |  | $ | 29,135 |
Technology |  | 13,000 |  |  |  | 12,976 |  |  |  | 24 |
Trademarks |  | 12,000 |  |  |  | 11,468 |  |  |  | 532 |
Total | $ | 102,000 |  |  | $ | 72,309 |  |  | $ | 29,691 |
| December 31, 2023 |
| Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Customer relationships | $ | 77,640 |  |  | $ | 42,091 |  |  | $ | 35,549 |
Technology |  | 16,524 |  |  |  | 15,950 |  |  |  | 574 |
Trademarks |  | 12,519 |  |  |  | 11,005 |  |  |  | 1,514 |
Total | $ | 106,683 |  |  | $ | 69,046 |  |  | $ | 37,637 |
Summary of Estimated Intangible Assets Amortization Expense | Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):
2024 (remainder) | $ | 2,217 |
2025 |  | 8,734 |
2026 |  | 8,335 |
2027 |  | 8,324 |
2028 |  | 2,081 |
Total | $ | 29,691 |

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