Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite lives were $236.7 million as of each of March 31, 2024 and December 31, 2023. Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

	March 31, 2024							December 31, 2023
	Cost		Accumulated amortization			Net carrying amount		Cost		Accumulated amortization			Net carrying amount
	(In thousands)
Customer relationships	$	139,463	$	(54,366	)	$	85,097	$	140,348	$	(50,987	)	$	89,361
Technology and other intangibles		41,130		(12,651	)		28,479		41,130		(11,383	)		29,747
Total	$	180,593	$	(67,017	)	$	113,576	$	181,478	$	(62,370	)	$	119,108

Amortization expense associated with identifiable intangible assets was $5.0 million and $4.1 million for the three months ended March 31, 2024 and 2023, respectively. Annual estimated total amortization expense is $19.8 million, $16.9 million, $15.2 million, $13.8 million and $12.3 million for the years ended December 31, 2024 through 2028, respectively.