Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in carrying amount of goodwill

The change in the carrying amount of goodwill for the six-month period ended June 30, 2023 is detailed as follows (in thousands):

	2023
Goodwill balance at January 1	$	359,821
Effect of foreign exchange		410
Additions and adjustments as the result of acquisitions		21,536
Goodwill balance at June 30	$	381,767

Other intangible assets

Other intangible assets at June 30, 2023 and December 31, 2022 consisted of the following (in thousands):

	June 30, 2023
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	30,451	$	(11,732)	$	18,719
Distribution agreements		3,250		(2,817)		433
License agreements		11,139		(7,832)		3,307
Trademarks		35,129		(19,215)		15,914
Customer lists		40,333		(32,822)		7,511
Total	$	120,302	$	(74,418)	$	45,884

	December 31, 2022
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	29,445	$	(10,203)	$	19,242
Distribution agreements		3,250		(2,715)		535
License agreements		11,109		(7,250)		3,859
Trademarks		30,221		(17,863)		12,358
Customer lists		34,105		(31,749)		2,356
Total	$	108,130	$	(69,780)	$	38,350

Estimated amortization expense

Estimated amortization expense for developed technology and other intangible assets for the next five years consisted of the following as of June 30, 2023 (in thousands):

	Estimated Amortization Expense
Remaining 2023	$	32,085
2024		59,732
2025		57,701
2026		46,963
2027		43,768