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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets Disclosure
Intangible assets consisted of the following:
December 31, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$43,569 $(29,179)$14,390 $44,112 $(25,659)$18,453 
Software & technology2,944 (1,554)1,390 3,047 (1,100)1,947 
Total intangible assets, net$46,513 $(30,733)$15,780 $47,159 $(26,759)$20,400 
Summary of Future Amortization
Future amortization expense for intangible assets at December 31, 2024 is as follows:
2025$4,350 
20263,361 
20273,097 
20282,438 
20291,356 
Thereafter1,178 
Total$15,780 
Summary of Goodwill Changes in the carrying amount of goodwill by reporting segment are shown in the tables below.
December 31, 2023FX ImpactDecember 31, 2024
SendTech Solutions
$510,646 $(13,406)$497,240 
Presort Services
223,763  223,763 
Total goodwill$734,409 $(13,406)$721,003 
Goodwill before accumulated impairmentAccumulated impairmentDecember 31, 2022
Impairment
FX ImpactDecember 31, 2023
SendTech Solutions
$504,004 $— $504,004 $— $6,642 $510,646 
Presort Services223,763 — 223,763 — — 223,763 
Other
163,450 (39,876)123,574 (123,574)— — 
Total goodwill$891,217 $(39,876)$851,341 $(123,574)$6,642 $734,409