Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in carrying amount of goodwill

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

	2023
Goodwill balance at January 1	$	359,821
Effect of foreign exchange		(305)
Additions and adjustments as the result of acquisitions		21,536
Goodwill balance at September 30	$	381,052

Other intangible assets

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

	September 30, 2023
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	30,969	$	(12,657)	$	18,312
Distribution agreements		3,250		(2,868)		382
License agreements		11,128		(8,076)		3,052
Trademarks		35,119		(19,998)		15,121
Customer lists		40,287		(33,310)		6,977
Total	$	120,753	$	(76,909)	$	43,844

	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 September 30, 2023 (in thousands):

	Estimated Amortization Expense
Remaining 2023	$	15,764
2024		59,656
2025		57,661
2026		46,955
2027		43,774