XML 65 R48.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022 were as follows (in thousands):
Goodwill
Balance at December 31, 2021$486,919 
Disposal of Business
(842)
Cumulative translation adjustment508 
Balance at December 31, 2022$486,585 
Acquisitions
19,901 
Measurement period adjustments
(1,493)
Cumulative translation adjustment1,351 
Balance at December 31, 2023$506,344 
Components of Other Intangible Assets
Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):
December 31, 2023
Gross AmountAccumulated AmortizationNet Carrying AmountWeighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related$210,655 $97,401 $113,254 9.7
Technology23,997 23,997 — N/A
Noncompete agreements20,892 19,322 1,570 2.2
Patents11,950 10,703 1,247 2.9
All other20,325 7,364 12,961 10.3
Total definite life intangible assets287,819 158,787 129,032 9.6
Indefinite life intangible assets:
Trade names79,570 — 79,570 N/A
Licenses2,229 — 2,229 N/A
Domain name454 — 454 N/A
Total indefinite life intangible assets82,253 — 82,253 N/A
Total$370,072 $158,787 $211,285 
December 31, 2022
Gross AmountAccumulated AmortizationNet Carrying AmountWeighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related$173,436 $74,337 $99,099 9.3
Technology23,997 23,997 — N/A
Noncompete agreements19,818 19,078 740 3.9
Patents11,473 10,430 1,043 3.1
All other17,035 7,442 9,593 8.7
Total definite life intangible assets245,759 135,284 110,475 9.2
Indefinite life intangible assets:
Trade names79,570 — 79,570 N/A
Licenses2,284 — 2,284 N/A
Domain name454 — 454 N/A
Total indefinite life intangible assets82,308 — 82,308 N/A
Total$328,067 $135,284 $192,783 
Estimated Future Amortization Expense of Definite Life Intangible Assets
The estimated future amortization expense of definite life intangible assets as of December 31, 2023 is as follows (in millions):
2024$18.1 
202517.4 
202616.9 
202712.7 
202812.0 
2029 and thereafter51.9 
Total$129.0