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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
 
The following table summarizes Goodwill activity by segment for the years ended December 31, 2024 and 2023.
 Americas
EMEA & APAC
Total
 (In thousands)
Balance, January 1, 2023
$585,845 $943,922 $1,529,767 
Goodwill attributable to acquisition1,664 13,912 15,576 
Impact of foreign currency translation2,366 40,622 42,988 
Balance, December 31, 2023
589,875 998,456 1,588,331 
Goodwill attributable to acquisitions44,505 46,691 91,196 
Impact of foreign currency translation(4,675)(22,859)(27,534)
Balance, December 31, 2024
$629,705 $1,022,288 $1,651,993 

The following table summarizes the Company’s Intangible assets, excluding Goodwill.
 December 31,
 20242023
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
 (In thousands)
Indefinite-Lived Intangible Assets:
Trade names$173,912 $— $185,301 $— 
Definite-Lived Intangible Assets:
Customer relationships506,226 (248,920)496,483 (231,848)
Technology71,912 (55,539)73,288 (55,288)
Trade names28,878 (11,832)23,966 (10,983)
Software78,122 (62,391)80,203 (61,920)
Other intangible assets30,424 (22,799)22,878 (22,545)
 $889,474 $(401,481)$882,119 $(382,584)
 
Amortization expense related to intangible assets of $36.0 million, $39.7 million and $35.6 million for the years ended December 31, 2024, 2023 and 2022, respectively, are included in the Selling, general and administrative expense in the Consolidated and Combined Statements of Operations.
 
The Company’s expected annual amortization expense for acquired intangible assets for the next five years is as follows.
 December 31, 2024
 (In thousands)
2025$30,754 
202629,231 
202725,626 
202822,828 
202921,399