Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.1.u1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2023

$

436,008

Foreign exchange impact

(3,143)

Goodwill at March 31, 2024

$

432,865

Schedule of intangible assets and related accumulated amortization

(in thousands)

March 31, 2024

    

December 31, 2023

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,733

$

(5,351)

$

6,382

$

11,734

$

(5,140)

$

6,594

Customer relationships

 

160,687

(66,462)

 

94,225

 

161,173

 

(62,955)

 

98,218

Developed technology

 

92,443

(60,235)

 

32,208

 

93,013

 

(56,942)

 

36,071

Non-compete agreements

65

(65)

66

(66)

Total intangible assets

$

264,928

$

(132,113)

$

132,815

$

265,986

$

(125,103)

$

140,883

    

(In years)

Trademarks and brands

 

8

Customer relationships

 

7

Developed technology

2

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2024 (for remaining nine months)

$

21,417

2025

26,751

2026

21,997

2027

18,081

2028

14,928

2029

12,577

Thereafter

 

17,064

Total

$

132,815