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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

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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