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Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
March 31, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$155,710 $(99,213)$56,497 $155,712 $(95,409)$60,303 
Software & technology2,980 (1,200)1,780 3,047 (1,100)1,947 
Total intangible assets$158,690 $(100,413)$58,277 $158,759 $(96,509)$62,250 

Amortization expense for both the three months ended March 31, 2024 and 2023 was $4 million.
Future amortization expense as of March 31, 2024 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges.

Remainder 2024$11,790 
202515,516 
202614,527 
202711,472 
20282,438 
Thereafter2,534 
Total$58,277 

Goodwill
Changes in the carrying value of goodwill by reporting segment are shown in the table below.
December 31, 2023Currency impactMarch 31,
2024
Presort Services$223,763 $ $223,763 
SendTech Solutions510,646 (5,118)505,528 
Total goodwill$734,409 $(5,118)$729,291