Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2024

Intangible Assets and Goodwill

Schedule of intangible assets

	March 31, 2024
	Gross Carrying		Accumulated		Intangible
	Amount (a)		Amortization		Asset, net
Customer relationships	$	507,750	$	(386,840)	$	120,910
Developed technology		88,553		(88,073)		480
Trade names (b)		5,300		—		5,300
Outsource contract costs		18,108		(16,489)		1,619
Internally developed software		56,573		(45,191)		11,382
Purchased software		26,749		(9,362)		17,387
Intangibles, net	$	703,033	$	(545,955)	$	157,078

	December 31, 2023
	Gross Carrying		Accumulated		Intangible
	Amount (a)		Amortization		Asset, net
Customer relationships	$	507,930	$	(380,580)	$	127,350
Developed technology		88,554		(88,085)		469
Patent		15		(14)		1
Trade names (b)		5,300		—		5,300
Outsource contract costs		17,734		(16,334)		1,400
Internally developed software		56,066		(43,499)		12,567
Purchased software		26,749		(8,916)		17,833
Intangibles, net	$	702,348	$	(537,428)	$	164,920

(a) Amounts include intangible assets acquired in business combinations and asset acquisitions.

(b) The carrying amount of trade names for 2024 and 2023 is net of accumulated impairment losses of $44.1 million. Carrying amount of $5.3 million as at March 31, 2024 represents indefinite-lived intangible assets.

Schedule of estimated intangibles amortization expense

	Estimated
	Amortization
	Expense
Remainder of 2024	$	24,901
2025		25,598
2026		20,956
2027		17,342
2028		13,615
Thereafter		49,366
	$	151,778

Schedule of goodwill by reporting segment

	Balances as at January 1, 2024 (a)			Additions		Deletions			Impairments		Currency Translation Adjustments		Balances as at March 31, 2024 (a)
ITPS	$	64,801	$	—	$	—		$	—	$	(97)	$	64,704
HS		86,786		—		—			—		—		86,786
LLPS		18,865		—		—			—		—		18,865
Total	$	170,452	$	—	$	—		$	—	$	(97)	$	170,355
	Balances as at January 1, 2023 (a)			Additions		Deletions			Impairments		Currency Translation Adjustments		Balances as at December 31, 2023 (a)
ITPS	$	81,151	$	—	$	(16,500)	(b)	$	—	$	150	$	64,801
HS		86,786		—		—			—		—		86,786
LLPS		18,865		—		—			—		—		18,865
Total	$	186,802	$	—	$	(16,500)		$	—	$	150	$	170,452

(a) The goodwill amount for all periods presented is net of accumulated impairment amounts. Accumulated impairment relating to ITPS was $487.7 million as at March 31, 2024 and December 31, 2023, respectively. Accumulated impairment relating to LLPS was $243.4 million as at both March 31, 2024 and December 31, 2023.

(b) The deletion in goodwill is due to derecognition of allocated goodwill on sale of the high-speed scanner business in the second quarter of 2023. Refer to Note 1—General.