Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

    

    

Goodwill at December 31, 2022

$

343,011

Foreign exchange impact

671

Goodwill at June 30, 2023

$

343,682

Schedule of intangible assets and related accumulated amortization

(in thousands)

June 30, 2023

    

December 31, 2022

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,733

$

(4,717)

$

7,016

$

11,733

$

(4,294)

$

7,439

Customer relationships

 

145,925

(55,974)

 

89,951

 

145,834

 

(49,587)

 

96,247

Developed technology

 

76,785

(50,783)

 

26,002

 

76,677

 

(44,956)

 

31,721

Non-compete agreements

65

(60)

5

64

(42)

22

Total intangible assets

$

234,508

$

(111,534)

$

122,974

$

234,308

$

(98,879)

$

135,429

    

(In years)

Trademarks and brands

 

9

Customer relationships

 

7

Developed technology

2

Non-compete agreements

 

1

Schedule of Estimated future expected amortization expense of intangible assets

(in thousands)

    

    

2023 (for remaining six months)

$

13,112

2024

22,792

2025

20,836

2026

16,082

2027

13,872

2028

13,451

Thereafter

 

22,829

Total

$

122,974