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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the six months ended June 30, 2022 is summarized as follows (in thousands):

 

Total

 

Balance at December 31, 2021

$

244,994

 

Translation adjustments

 

(3,523

)

Balance at June 30, 2022

$

241,471

 

Summary of Carrying Values of Finite-Lived Intangible Assets

The carrying values of finite-lived intangible assets are as follows (in thousands):

 

 

June 30, 2022

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

78,275

 

 

$

30,027

 

 

$

48,248

 

Technology

 

16,700

 

 

 

13,810

 

 

 

2,890

 

Trademarks

 

12,457

 

 

 

7,691

 

 

 

4,766

 

Total

$

107,432

 

 

$

51,528

 

 

$

55,904

 

 

 

December 31, 2021

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

78,364

 

 

$

25,805

 

 

$

52,559

 

Technology

 

16,845

 

 

 

13,073

 

 

 

3,772

 

Trademarks

 

12,478

 

 

 

6,076

 

 

 

6,402

 

Total

$

107,687

 

 

$

44,954

 

 

$

62,733

 

Summary of Estimated Intangible Assets Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):

 

2022 (remainder)

$

6,446

 

2023

 

11,917

 

2024

 

9,878

 

2025

 

8,869

 

2026

 

8,389

 

Thereafter

 

10,405

 

Total

$

55,904