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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets, net
 
Goodwill consisted of the following: 
 As of June 30,As of December 31,
(in thousands)202320222022
North America$103,630 $96,264 $103,572 
Europe390,172 394,761 390,799 
Asia/Pacific1,263 1,313 1,301 
Total$495,065 $492,338 $495,672 
 
Intangible assets, net, consisted of the following:
 As of June 30, 2023
 GrossNet
 CarryingAccumulatedCarrying
(in thousands)
AmountAmortizationAmount
North America
$63,269 $(31,765)$31,504 
Europe
377,866 (43,748)334,118 
Asia/Pacific4,224 (197)4,027 
Total
$445,359 $(75,710)$369,649 
 
 As of June 30, 2022
 GrossNet
(in thousands)
Carrying
Amount
Accumulated
Amortization
Carrying
Amount
North America
$46,642 $(28,063)$18,579 
Europe
364,241 (25,122)339,119 
   Total$410,883 $(53,185)$357,698 
 
 As of December 31, 2022
 GrossNet
(in thousands)
Carrying
Amount
Accumulated
Amortization
Carrying
Amount
North America
$53,498 $(29,782)$23,716 
Europe
373,538 (34,337)339,201 
Total
$427,036 $(64,119)$362,917 
 
Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization of definite-lived intangible assets was $6.0 million and $5.3 million for the three months ended June 30, 2023 and 2022, respectively, and was $11.6 million and $6.4 million for the six months ended June 30, 2023 and 2022, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 8.8 years.

Indefinite-lived intangible assets totaled $92.8 million, $88.9 million, and $91.7 million as of June 30, 2023, and 2022 and December 31, 2022, respectively.

At June 30, 2023, the estimated future amortization of definite-lived intangible assets was as follows: 
(in thousands) 
Remaining six months of 2023$11,225 
202422,294 
202522,069 
202621,492 
202721,298 
202821,077 
Thereafter157,380 
$276,835 
 
The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2023, were as follows: 
  Intangible
(in thousands)GoodwillAssets
Balance at December 31, 2022$495,672 $362,917 
Acquisition— 13,996 
Disposal(5,678)— 
Reclassifications— 46 
Amortization— (11,638)
Foreign exchange5,071 4,328 
Balance at June 30, 2023$495,065 $369,649