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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill as of June 30, 2024 and December 31, 2023 are as follows:
Consolidated
(In thousands)
Balance as of December 31, 2022$296,214 
Adjustments to goodwill:
Goodwill impairment (1)
(11,895)
Foreign exchange adjustment1,312 
Balance as of December 31, 2023$285,631 
Adjustments to goodwill:
Goodwill impairment (1)
(3,627)
Foreign exchange adjustment(1,278)
Balance as of June 30, 2024$280,726 
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(1) The sum of these amounts represents the accumulated goodwill impairment balance in our operating segment as of June 30, 2024.
Summary of Intangible Assets
Intangible assets are summarized as follows:
June 30, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying AmountWeighted
Average
Amortization
Period
(In thousands)(In years)
Amortizing intangible assets:
Technology$94,559 $(67,998)$26,561 5.0
Customer relationships32,060 (20,593)11,467 10.0
Patents16,497 (2,226)14,271 13.6
Trademarks1,404 (826)578 5.0
Trade names1,044 (1,044)— 2.8
Other914 (835)79 4.1
Total$146,478 $(93,522)$52,956 
December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying AmountWeighted
Average
Amortization
Period
(In thousands)(In years)
Amortizing intangible assets:
Technology$94,549 $(60,465)$34,084 5.0
Customer relationships32,025 (19,542)12,483 10.0
Patents15,350 (1,916)13,434 12.9
Trademarks
1,400 (707)693 5.0
Trade names1,044 (672)372 2.8
Other914 (355)559 4.1
Total$145,282 $(83,657)$61,625 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2024, estimated annual amortization expense for the next five years and thereafter is as follows:  
Estimated Amortization Expense
(In thousands)
Remainder of 2024
$7,307 
202514,205 
202611,519 
20271,411 
20281,343 
Thereafter17,171 
Total$52,956