Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2023

$

436,008

Measurement period adjustments

(300)

Foreign exchange impact

(4,212)

Goodwill at June 30, 2024

$

431,496

Schedule of intangible assets and related accumulated amortization

(in thousands)

June 30, 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

$

(5,561)

$

6,172

$

11,734

$

(5,140)

$

6,594

Customer relationships

 

160,520

(69,985)

 

90,535

 

161,173

 

(62,955)

 

98,218

Developed technology

 

92,243

(63,530)

 

28,713

 

93,013

 

(56,942)

 

36,071

Non-compete agreements

64

(64)

66

(66)

Total intangible assets

$

264,560

$

(139,140)

$

125,420

$

265,986

$

(125,103)

$

140,883

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2024 (for remaining six months)

$

14,247

2025

26,702

2026

21,948

2027

18,045

2028

14,913

2029

12,562

Thereafter

 

17,003

Total

$

125,420

Schedule of weighted-average remaining useful life by major asset classes

    

(In years)

Trademarks and brands

 

8

Customer relationships

 

6

Developed technology

2