Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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

1,938

Goodwill at September 30, 2024

$

437,646

Schedule of intangible assets and related accumulated amortization

(in thousands)

September 30, 2024

    

December 31, 2023

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,735

$

(5,775)

$

5,960

$

11,734

$

(5,140)

$

6,594

Customer relationships

 

161,474

(73,675)

 

87,799

 

161,173

 

(62,955)

 

98,218

Developed technology

 

93,356

(67,461)

 

25,895

 

93,013

 

(56,942)

 

36,071

Non-compete agreements

67

(67)

66

(66)

Total intangible assets

$

266,632

$

(146,978)

$

119,654

$

265,986

$

(125,103)

$

140,883

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2024 (for remaining three months)

$

7,186

2025

26,983

2026

22,230

2027

18,252

2028

14,999

2029

12,648

Thereafter

 

17,356

Total

$

119,654

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

    

(In years)

Trademarks and brands

 

8

Customer relationships

 

6

Developed technology

2