Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Changes in goodwill during the six months ended June 30, 2024, were as follows:

(In thousands)	Goodwill
Balance at January 1, 2024	$	627,534
Currency translation	(2,897)
Balance at June 30, 2024	$	624,637

At June 30, 2024, goodwill of $447.6 million and $177.0 million related to the Americas and International reportable segments, respectively.

Changes in intangible assets, net, during the six months ended June 30, 2024, were as follows:

(In thousands)	Intangible Assets
Net balance at January 1, 2024	$	266,134
Amortization expense	(8,967)
Currency translation	(839)
Net balance at June 30, 2024	$	256,328

At June 30, 2024, intangible assets, net, includes a trade name related to Globe Manufacturing Company, LLC ("Globe") with an indefinite life totaling $60.0 million