Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Acquired identifiable intangible assets, and related accumulated amortization, as of September 30, 2024 and December 31, 2023 consisted of:

	September 30, 2024
	Gross Carrying Value			Accumulated Amortization			Net Book Value
	(in thousands)
Customer relationships	$	12,541		$	8,053		$	4,488
Tradenames		18,673			4,178			14,495
Developed technology		29,590			4,066			25,524
Foreign currency		(932	)		(969	)		37
Total Intangible Assets (1)	$	59,872		$	15,328		$	44,544

	December 31, 2023
	Gross Carrying Value			Accumulated Amortization			Net Book Value
	(in thousands)
Customer relationships	$	8,085		$	7,214		$	871
Tradenames		3,066			2,607			459
Developed technology		1,884			1,613			271
Foreign currency		(1,159	)		(1,292	)		133
Total Intangible Assets (1)	$	11,876		$	10,142		$	1,734

(1) The accumulated amortization includes $1.9 million of accumulated impairment charges as of September 30, 2024 and December 31, 2023.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of September 30, 2024, estimated annual amortization expense related to definite lived intangible assets in future periods was as follows:

	(in thousands)
2024	$	2,146
2025		8,016
2026		7,761
2027		7,591
Thereafter		18,993
Total	$	44,507

Schedule of Changes in Carrying Values of Goodwill

Changes in the carrying values of goodwill for the nine months ended September 30, 2024 from the balance as of December 31, 2023.

	(in thousands)
Balance as of January 1, 2024	$	10,686
PDP acquisition		46,014
Balance as of September 30, 2024	$	56,700