Goodwill

3 Months Ended

Mar. 31, 2024

Goodwill Excluding Non Goodwill Intangibles [Abstract]

Goodwill

Goodwill

The following table reflects changes in the carrying amount of goodwill for the three months ended March 31, 2024:

In thousands	Device Solutions		Networked Solutions		Outcomes		Total Company
Goodwill balance at January 1, 2024	$	—	$	911,847	$	140,657	$	1,052,504
Goodwill acquired (1)	—		—		19,676		19,676
Effect of change in exchange rates	—		(6,859)		(1,046)		(7,905)
Goodwill balance at March 31, 2024	$	—	$	904,988	$	159,287	$	1,064,275

(1) On March 1, 2024, we acquired Elpis Squared. The purchase resulted in the recognition of $19.7 million in goodwill allocated to our Outcomes operating segment and reporting unit. Refer to Note 4: Intangible Assets and Liabilities and Note 17: Business Combination for additional information on the transaction.