Schedule of Goodwill and Intangible Assets |
Goodwill and intangible assets on our consolidated balance sheets consisted of the following: | | | | | | | | | | | | | December 31, | | 2023 | | 2022 | | (In thousands) | Goodwill | $ | 301,790 | | | $ | 301,790 | | Intangible assets, net | 118,687 | | | 143,293 | | Goodwill and intangible assets | $ | 420,477 | | | $ | 445,083 | |
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Schedule of Intangible Assets |
The gross carrying amounts and accumulated amortization related to intangibles assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | Weighted Average Useful Lives | | (In thousands) | | (In thousands) | | (Years) | Customer relationships | $ | 309,773 | | | $ | (214,416) | | | $ | 95,357 | | | $ | 309,773 | | | $ | (194,858) | | | $ | 114,915 | | | 12.8 | Trade names | 44,086 | | | (28,524) | | | 15,562 | | | 44,086 | | | (24,126) | | | 19,960 | | | 14.6 | Patents | 3,000 | | | (2,455) | | | 545 | | | 3,000 | | | (2,182) | | | 818 | | | 11.0 | Software licenses | 15,835 | | | (8,697) | | | 7,138 | | | 13,777 | | | (6,291) | | | 7,486 | | | 4.3 | Other | 5,964 | | | (5,879) | | | 85 | | | 5,964 | | | (5,850) | | | 114 | | | 5.0 | Total intangible assets | $ | 378,658 | | | $ | (259,971) | | | $ | 118,687 | | | $ | 376,600 | | | $ | (233,307) | | | $ | 143,293 | | | |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table shows our estimated amortization expense for intangible assets for each of the next five succeeding years and thereafter: | | | | | | | December 31, | | (In thousands) | 2024 | $ | 24,647 | | 2025 | 23,470 | | 2026 | 22,160 | | 2027 | 17,847 | | 2028 | 16,767 | | Thereafter | 13,796 | | Total | $ | 118,687 | |
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