Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 8 – Goodwill and Other Intangible Assets

Goodwill

Changes in the net carrying amount of goodwill were as follows:


	Total
Goodwill as of December 31, 2023	$	157,638
Foreign exchange impact		(1,308	)
Goodwill as of March 31, 2024	$	156,330

Other Intangible Assets

Other intangible assets, net consist of the following components:


	As of
	March 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	143,652	$	(65,022	)	$	78,630
Technology and other intangibles		53,904		(32,585	)		21,319
Other intangible assets, net	$	197,556	$	(97,607	)	$	99,949


	As of
	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	144,671	$	(63,006	)	$	81,665
Technology and other intangibles		54,052		(31,760	)		22,292
Other intangible assets, net	$	198,723	$	(94,766	)	$	103,957

Amortization expense for the three months ended March 31, 2024 and March 31, 2023 was $2,825 and $2,511, respectively. The changes in the gross carrying amounts of intangible assets are due to foreign exchange impacts in the quarter.

Remaining amortization expense for other intangible assets as of March 31, 2024 is as follows:


	Amortization expense
2024	$	8,491
2025		10,639
2026		10,483
2027		10,424
2028		10,389
Thereafter		49,523
Total amortization expense	$	99,949