Goodwill and Intangible Assets

12 Months Ended

Dec. 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 December 31, 2024 and 2023, respectively. Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:

	December 31, 2024							December 31, 2023
	Cost		Accumulated amortization			Net carrying amount		Cost		Accumulated amortization			Net carrying amount
	(In thousands)
Customer relationships	$	138,089	$	(64,698	)	$	73,391	$	140,348	$	(50,987	)	$	89,361
Technology and other intangibles		41,130		(16,443	)	$	24,687		41,130		(11,383	)		29,747
Total	$	179,219	$	(81,141	)	$	98,078	$	181,478	$	(62,370	)	$	119,108

Amortization expense associated with identifiable intangible assets was $19.8 million, $18.6 million and $16.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Annual estimated total amortization expense is $16.8 million, $15.1 million, $13.7 million, $12.2 million and $11.2 million for the years ended December 31, 2025 through 2029, respectively.