Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in carrying amount of goodwill

The change in the carrying amount of goodwill for the three-month period ended March 31, 2024 is detailed as follows (in thousands):

	2024
Goodwill balance at January 1	$	382,240
Effect of foreign exchange		(701)
Goodwill balance at March 31	$	381,539

Other intangible assets

Other intangible assets at March 31, 2024 and December 31, 2023 consisted of the following (in thousands):

	March 31, 2024
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	29,379	$	(11,400)	$	17,979
Distribution agreements		3,250		(2,938)		312
License agreements		11,130		(8,555)		2,575
Trademarks		35,126		(21,581)		13,545
Customer lists		40,285		(34,297)		5,988
Total	$	119,170	$	(78,771)	$	40,399

	December 31, 2023
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	28,877	$	(10,916)	$	17,961
Distribution agreements		3,250		(2,919)		331
License agreements		11,142		(8,327)		2,815
Trademarks		35,135		(20,804)		14,331
Customer lists		40,367		(33,921)		6,446
Total	$	118,771	$	(76,887)	$	41,884

Estimated amortization expense

Estimated amortization expense for developed technology and other intangible assets for the next five years consisted of the following as of March 31, 2024 (in thousands):

	Estimated Amortization Expense
Remaining 2024	$	47,036
2025		60,894
2026		49,648
2027		46,373
2028		45,111