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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in Goodwill and Intangible assets The following is a summary of changes in goodwill and intangible assets for the year ended December 31, 2023:

 

 

(In thousands)

 

Balance at December 31, 2022

 

$

154,789

 

Goodwill from Pragma Acquisition

 

 

81,917

 

Balance at December 31, 2023

 

$

236,706

 

 

 

 

 

 

Summary of Company's Intangible Assets

Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

140,348

 

 

$

(50,987

)

 

$

89,361

 

 

$

129,991

 

 

$

(34,310

)

 

$

95,681

 

Technology and other intangibles

 

 

41,130

 

 

 

(11,383

)

 

 

29,747

 

 

 

11,430

 

 

 

(9,046

)

 

 

2,384

 

Total

 

$

181,478

 

 

$

(62,370

)

 

$

119,108

 

 

$

141,421

 

 

$

(43,356

)

 

$

98,065